E. Ohman J or Asset Management AB Raises Stock Holdings in Republic Services, Inc. (NYSE:RSG)

E. Ohman J or Asset Management AB boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,700 shares of the business services provider’s stock after buying an additional 700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Republic Services were worth $1,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RSG. TCW Group Inc. raised its position in Republic Services by 13.0% in the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after purchasing an additional 13,138 shares during the period. Avanza Fonder AB acquired a new stake in shares of Republic Services in the fourth quarter valued at $4,430,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Republic Services in the 3rd quarter valued at $6,102,000. Lifeworks Advisors LLC lifted its stake in Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after acquiring an additional 19,698 shares in the last quarter. Finally, Czech National Bank grew its position in Republic Services by 6.1% in the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock valued at $8,879,000 after acquiring an additional 2,548 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, Morgan Stanley increased their price target on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $222.24.

Insider Activity

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the business’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 completion of the sale, the director now owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $219.22 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1-year low of $171.06 and a 1-year high of $221.75. The stock has a market cap of $68.65 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. The firm has a fifty day moving average price of $209.84 and a 200 day moving average price of $205.83.

Republic Services 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.