Flavin Financial Services Inc. Purchases New Stake in Republic Services, Inc. (NYSE:RSG)

Flavin Financial Services Inc. bought a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,310 shares of the business services provider's stock, valued at approximately $1,471,000.

Other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in shares of Republic Services in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC raised its holdings in Republic Services by 351.6% in the 3rd 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 in the last quarter. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter valued at $31,000. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter worth $32,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services in the third quarter valued at about $34,000. 57.73% of the stock is currently owned by institutional investors.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This 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.

Republic Services Trading Up 0.7 %

Shares of RSG traded up $1.61 during mid-day trading on Wednesday, reaching $220.85. 892,584 shares of the company were exchanged, compared to its average volume of 997,925. The business has a 50 day simple moving average of $209.84 and a two-hundred day simple moving average of $205.94. Republic Services, Inc. has a 52 week low of $171.06 and a 52 week high of $221.75. The stock has a market capitalization of $69.16 billion, a PE ratio of 35.34, a PEG ratio of 3.17 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Analysts Set New Price Targets

RSG has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. CIBC boosted their price objective on shares of Republic Services from $217.00 to $227.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. BMO Capital Markets raised Republic Services from a "market perform" rating to an "outperform" rating and raised their target price for the company from $211.00 to $238.00 in a report on Friday, December 6th. Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group raised their price objective on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.24.

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.