Buffington Mohr McNeal Grows Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Buffington Mohr McNeal lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,834 shares of the business services provider’s stock after buying an additional 1,528 shares during the quarter. Republic Services makes up 1.4% of Buffington Mohr McNeal’s holdings, making the stock its 25th largest holding. Buffington Mohr McNeal’s holdings in Republic Services were worth $8,416,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. FSA Wealth Management LLC purchased a new position in shares of Republic Services in the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC grew its stake in Republic Services by 351.6% in the third 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 during the last quarter. Webster Bank N. A. bought a new position in Republic Services in the third quarter worth about $31,000. Truvestments Capital LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Republic Services during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RSG shares. Morgan Stanley upped their price target on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Jefferies Financial Group lifted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Oppenheimer raised their target price 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, Scotiabank initiated coverage on Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $222.24.

Republic Services Price Performance

NYSE:RSG opened at $215.47 on Tuesday. The company has a market capitalization of $67.47 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.07 and a beta of 0.73. Republic Services, Inc. has a 52 week low of $169.83 and a 52 week high of $220.58. The stock’s fifty day moving average is $209.45 and its two-hundred day moving average is $205.22. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the business earned $1.54 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts expect that Republic Services, Inc. will post 6.25 EPS for the current year.

Insider Buying and Selling

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services 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 completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services 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 completion of 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 position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

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.