Sonora Investment Management Group LLC raised its holdings in Republic Services, Inc. (NYSE:RSG – Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,574 shares of the business services provider’s stock after purchasing an additional 1,399 shares during the period. Republic Services comprises approximately 2.0% of Sonora Investment Management Group LLC’s holdings, making the stock its 10th largest holding. Sonora Investment Management Group LLC’s holdings in Republic Services were worth $25,464,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in RSG. Stifel Financial Corp raised its stake in shares of Republic Services by 437.9% in the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after purchasing an additional 1,477,255 shares in the last quarter. Wellington Management Group LLP raised its stake in Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after buying an additional 1,131,850 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Republic Services by 83,671.9% during the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock worth $108,183,000 after buying an additional 538,010 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Republic Services by 19.4% in the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock worth $626,553,000 after acquiring an additional 509,116 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Republic Services by 544.7% during the 3rd quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock valued at $109,580,000 after acquiring an additional 460,989 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.
Republic Services Trading Up 2.9 %
Republic Services stock opened at $218.55 on Friday. The company has a market capitalization of $68.44 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 3.11 and a beta of 0.73. The company’s fifty day moving average price is $209.68 and its two-hundred day moving average price is $205.50. Republic Services, Inc. has a one year low of $169.83 and a one year high of $220.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.
Wall Street Analyst Weigh In
RSG has been the topic of a number of recent research reports. Truist Financial raised their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer raised their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. William Blair initiated coverage on Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Scotiabank started coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $222.24.
Check Out Our Latest Stock Analysis on Republic Services
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 that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, 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 this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
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.
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