Alliance Wealth Advisors LLC UT Grows Position in Republic Services, Inc. (NYSE:RSG)

Alliance Wealth Advisors LLC UT grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,197 shares of the business services provider’s stock after buying an additional 571 shares during the quarter. Republic Services accounts for about 1.2% of Alliance Wealth Advisors LLC UT’s portfolio, making the stock its 16th biggest position. Alliance Wealth Advisors LLC UT’s holdings in Republic Services were worth $4,466,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. FSA Wealth Management LLC purchased a new stake in Republic Services in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC boosted its position in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter valued at $31,000. R Squared Ltd purchased a new position in shares of Republic Services during the 4th quarter valued at $32,000. Finally, Truvestments Capital LLC bought a new position in Republic Services in the 3rd quarter worth $34,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

NYSE:RSG opened at $221.31 on Tuesday. The stock has a market capitalization of $69.30 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. The stock’s 50-day moving average price is $209.77 and its 200-day moving average price is $205.71. 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, Inc. has a 52 week low of $171.06 and a 52 week high of $221.75.

Wall Street Analysts Forecast Growth

RSG has been the topic of several research analyst reports. CIBC boosted their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Morgan Stanley raised their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group raised their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $222.24.

Insider Transactions at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction 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 sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % 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 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.