Longbow Finance SA Purchases 26,527 Shares of Republic Services, Inc. $RSG

Longbow Finance SA increased its position in Republic Services, Inc. (NYSE:RSG) by 75.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 61,546 shares of the business services provider’s stock after buying an additional 26,527 shares during the quarter. Republic Services makes up about 1.4% of Longbow Finance SA’s investment portfolio, making the stock its 16th largest position. Longbow Finance SA’s holdings in Republic Services were worth $14,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RSG. Financial Consulate Inc. purchased a new stake in shares of Republic Services during the third quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. NewSquare Capital LLC grew its holdings in Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Republic Services during the second quarter valued at approximately $33,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of Republic Services by 100.0% in the third quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after buying an additional 86 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RSG. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Jefferies Financial Group set a $248.00 price objective on Republic Services and gave the company a “buy” rating in a research report on Monday, November 3rd. Oppenheimer dropped their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. The Goldman Sachs Group assumed coverage on Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price objective on the stock. Finally, Sanford C. Bernstein boosted their price objective on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.82.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares in the company, valued at $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Republic Services Stock Down 2.4%

Shares of NYSE:RSG opened at $220.49 on Friday. The business’s 50 day moving average is $214.23 and its 200 day moving average is $220.61. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The stock has a market cap of $68.26 billion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.