McGlone Suttner Wealth Management Inc. Boosts Holdings in Republic Services, Inc. (NYSE:RSG)

McGlone Suttner Wealth Management Inc. raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,213 shares of the business services provider’s stock after acquiring an additional 48 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Republic Services were worth $445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in shares of Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock worth $364,449,000 after purchasing an additional 1,477,255 shares during the last quarter. Wellington Management Group LLP boosted its stake in Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after buying an additional 1,131,850 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Republic Services by 83,671.9% in 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 buying an additional 538,010 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of 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 worth $626,553,000 after acquiring an additional 509,116 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of 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 acquiring an additional 460,989 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $212.28 on Friday. The company’s 50 day moving average is $209.32 and its two-hundred day moving average is $204.93. The firm has a market cap of $66.47 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 52-week low of $168.58 and a 52-week high of $220.58.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the business posted $1.54 earnings per share. Republic Services’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Scotiabank assumed coverage on Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective for the company. Jefferies Financial Group lifted their target price on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday. Finally, William Blair assumed coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.24.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s 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 owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on 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 directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.