Gries Financial LLC Purchases Shares of 1,322 Republic Services, Inc. (NYSE:RSG)

Gries Financial LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,322 shares of the business services provider’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FSA Wealth Management LLC purchased a new position in Republic Services during the 3rd quarter valued at $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 buying an additional 109 shares during the period. Webster Bank N. A. bought a new position in Republic Services in the third quarter worth about $31,000. R Squared Ltd bought a new stake in Republic Services during the 4th quarter valued at approximately $32,000. Finally, Truvestments Capital LLC bought a new position in shares of Republic Services in the 3rd quarter worth approximately $34,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Trading Up 2.9 %

Republic Services stock opened at $218.55 on Friday. Republic Services, Inc. has a one year low of $169.83 and a one year high of $220.58. The business’s fifty day moving average is $209.68 and its 200 day moving average is $205.50. The stock has a market capitalization of $68.44 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 3.11 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 (NYSE:RSG) last announced its quarterly 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 net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm posted $1.54 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Republic Services, Inc. will post 6.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RSG. Truist Financial lifted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. CIBC upped their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. William Blair started coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Scotiabank began coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price for the company. 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, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $222.24.

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.