Telos Capital Management Inc. Sells 902 Shares of Republic Services, Inc. (NYSE:RSG)

Telos Capital Management Inc. trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 2.5% in the 4th quarter, Holdings Channel reports. The fund owned 35,231 shares of the business services provider’s stock after selling 902 shares during the quarter. Telos Capital Management Inc.’s holdings in Republic Services were worth $7,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of RSG. Tyche Wealth Partners LLC bought a new position in Republic Services in the fourth quarter worth $791,000. Money Concepts Capital Corp lifted its position in Republic Services by 18.0% in the fourth quarter. Money Concepts Capital Corp now owns 3,424 shares of the business services provider’s stock worth $689,000 after purchasing an additional 522 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Republic Services by 37.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock worth $3,586,000 after purchasing an additional 4,827 shares during the period. Spirit of America Management Corp NY bought a new position in Republic Services in the fourth quarter worth $111,000. Finally, Stratos Wealth Partners LTD. lifted its position in Republic Services by 1.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 63,459 shares of the business services provider’s stock worth $12,767,000 after purchasing an additional 1,175 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

Shares of RSG stock opened at $221.43 on Friday. The stock has a 50-day moving average price of $209.90 and a 200 day moving average price of $206.04. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market cap of $69.34 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 3.17 and a beta of 0.74. Republic Services, Inc. has a 12 month low of $171.06 and a 12 month high of $221.75.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial increased their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Morgan Stanley increased their price objective on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Oppenheimer increased their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.38.

About Republic Services

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.