Republic Services, Inc. (NYSE:RSG) Position Increased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 8,680 shares of the business services provider’s stock after purchasing an additional 197 shares during the quarter. Republic Services comprises about 0.9% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. Trueblood Wealth Management LLC’s holdings in Republic Services were worth $1,743,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RSG. Wolff Wiese Magana LLC increased its stake in 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 purchasing an additional 109 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Republic Services during the first quarter valued at $29,000. Webster Bank N. A. bought a new position in shares of Republic Services during the third quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services in the 2nd quarter worth about $36,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Republic Services in the 2nd quarter worth about $45,000. Institutional investors own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RSG. Oppenheimer increased their price objective on shares of Republic Services from $210.00 to $219.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. TD Cowen increased their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada increased their price objective on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Raymond James dropped their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $212.18.

Republic Services Stock Performance

NYSE:RSG opened at $199.83 on Friday. Republic Services, Inc. has a twelve month low of $145.32 and a twelve month high of $208.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average of $204.09 and a 200-day moving average of $196.27. The firm has a market cap of $62.76 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 3.27 and a beta of 0.69.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. Analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

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.