Republic Services, Inc. (NYSE:RSG) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its stake in Republic Services, Inc. (NYSE:RSG) by 4.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,503 shares of the business services provider’s stock after acquiring an additional 430 shares during the quarter. Avior Wealth Management LLC’s holdings in Republic Services were worth $2,113,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RSG. FSA Wealth Management LLC acquired a new stake in Republic Services in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its stake in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the period. Webster Bank N. A. acquired a new position in Republic Services in the 3rd quarter worth $31,000. Truvestments Capital LLC purchased a new position in Republic Services in the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services during the third quarter valued at about $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 0.1 %

Republic Services stock opened at $212.28 on Friday. The firm has a market capitalization of $66.47 billion, a P/E ratio of 33.96, a P/E/G ratio of 3.07 and a beta of 0.73. The company has a 50-day simple moving average of $209.32 and a 200-day simple moving average of $204.93. Republic Services, Inc. has a one year low of $168.58 and a one year high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RSG shares. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday. William Blair initiated coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Scotiabank initiated coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. Finally, CIBC boosted their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $222.24.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, 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. 0.09% of the stock is owned by company insiders.

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.