Mediolanum International Funds Ltd trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 57.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,118 shares of the business services provider's stock after selling 9,423 shares during the quarter. Mediolanum International Funds Ltd's holdings in Republic Services were worth $1,429,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC boosted its stake in shares of 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 purchasing an additional 109 shares in the last quarter. Webster Bank N. A. bought a new position in Republic Services in the 3rd quarter valued at approximately $31,000. R Squared Ltd bought a new position in Republic Services in the 4th quarter valued at approximately $32,000. Finally, Truvestments Capital LLC bought a new stake in shares of Republic Services during the third quarter worth $34,000. Institutional investors own 57.73% of the company's stock.
Republic Services Stock Performance
RSG traded up $1.61 during trading on Wednesday, reaching $220.85. 892,584 shares of the company's stock were exchanged, compared to its average volume of 997,830. The stock has a market capitalization of $69.16 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. Republic Services, Inc. has a 1 year low of $171.06 and a 1 year high of $221.75. The company's fifty day simple moving average is $209.84 and its 200-day simple moving average is $205.94. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.
Insider Transactions at Republic Services
In related news, Director Katharine Weymouth sold 1,859 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company'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 transaction, the chief financial officer now owns 6,318 shares of the company's stock, valued at approximately $1,326,906.36. The trade was 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.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. CIBC raised their price objective on Republic Services from $217.00 to $227.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Morgan Stanley upped their price objective on Republic Services from $217.00 to $220.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Oppenheimer raised 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.24.
Check Out Our Latest Stock Report on Republic Services
Republic Services Company Profile
(
Free Report)
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.
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