1,181 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,181 shares of the business services provider’s stock, valued at approximately $237,000.

Other hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in Republic Services in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its position in shares of 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 acquiring an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new stake in shares of Republic Services in the 3rd quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new position in shares of Republic Services during the 3rd quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services in the third quarter valued at $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RSG shares. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Scotiabank started coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, CIBC raised their target price on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.24.

Republic Services Stock Performance

NYSE:RSG opened at $211.74 on Friday. The firm has a market cap of $66.31 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1-year low of $168.58 and a 1-year high of $220.58. The firm’s fifty day moving average price is $209.37 and its 200 day moving average price is $204.98.

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