Triasima Portfolio Management inc. Purchases 1,586 Shares of Republic Services, Inc. (NYSE:RSG)

Triasima Portfolio Management inc. lifted its position in Republic Services, Inc. (NYSE:RSG) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,151 shares of the business services provider’s stock after buying an additional 1,586 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Republic Services were worth $3,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RSG. Stifel Financial Corp grew its stake in shares of Republic Services by 437.9% in the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after buying an additional 1,477,255 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Republic Services by 23.2% during the 3rd 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 purchasing an additional 1,131,850 shares during 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 valued at $108,183,000 after purchasing an additional 538,010 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after purchasing an additional 509,116 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in 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 purchasing an additional 460,989 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

RSG has been the subject of several research reports. Jefferies Financial Group raised their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Morgan Stanley lifted their target price on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $224.38.

Republic Services Stock Up 0.2 %

RSG stock opened at $221.43 on Friday. Republic Services, Inc. has a 52 week low of $171.06 and a 52 week high of $221.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a 50-day simple moving average of $209.96 and a 200 day simple moving average of $206.15. The company has a market cap of $69.34 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74.

Insider Buying and Selling at Republic Services

In other Republic Services 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 transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of 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 position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

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.