Republic Services, Inc. (NYSE:RSG) Shares Sold by Financial Advisory Partners LLC

Financial Advisory Partners LLC trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,465 shares of the business services provider’s stock after selling 128 shares during the quarter. Republic Services makes up about 1.6% of Financial Advisory Partners LLC’s investment portfolio, making the stock its 15th largest holding. Financial Advisory Partners LLC’s holdings in Republic Services were worth $4,721,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in Republic Services during the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC raised its holdings in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the last quarter. Webster Bank N. A. acquired a new position in shares of Republic Services during the third quarter worth approximately $31,000. R Squared Ltd acquired a new stake in Republic Services in the 4th quarter valued at approximately $32,000. Finally, Truvestments Capital LLC bought a new stake in Republic Services during the 3rd quarter valued at $34,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.7 %

Shares of NYSE:RSG opened at $220.85 on Thursday. The firm has a 50 day simple moving average of $209.84 and a 200 day simple moving average of $205.94. Republic Services, Inc. has a 52 week low of $171.06 and a 52 week high of $221.75. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $69.16 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74.

Insider Activity

In other Republic Services news, 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 owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were 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 approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial raised their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. CIBC raised their price objective on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $222.24.

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.