Beese Fulmer Investment Management Inc. Sells 136 Shares of Republic Services, Inc. (NYSE:RSG)

Beese Fulmer Investment Management Inc. cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,553 shares of the business services provider’s stock after selling 136 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Republic Services were worth $916,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in Republic Services during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC increased its position in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. Webster Bank N. A. acquired a new position in shares of Republic Services during the third quarter valued at approximately $31,000. R Squared Ltd purchased a new position in shares of Republic Services in the fourth quarter worth about $32,000. Finally, Truvestments Capital LLC purchased a new stake in Republic Services during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $221.43 on Friday. The company has a market capitalization of $69.34 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. Republic Services, Inc. has a fifty-two week low of $171.06 and a fifty-two week high of $221.75. The firm has a 50-day simple moving average of $209.90 and a 200-day simple moving average of $206.04. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RSG. Oppenheimer increased their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. CIBC raised their price objective on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Truist Financial lifted their price objective on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.