Simplicity Wealth LLC Has $905,000 Position in Republic Services, Inc. $RSG

Simplicity Wealth LLC lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 52.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,943 shares of the business services provider’s stock after selling 4,397 shares during the quarter. Simplicity Wealth LLC’s holdings in Republic Services were worth $905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RSG. Bowen Hanes & Co. Inc. raised its stake in Republic Services by 7.3% in the second quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after purchasing an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Republic Services by 32.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock valued at $5,326,000 after buying an additional 5,740 shares during the period. Farther Finance Advisors LLC raised its position in shares of Republic Services by 60.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after buying an additional 4,750 shares in the last quarter. Valley National Advisers Inc. boosted its position in shares of Republic Services by 148,250.0% during the 3rd quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock worth $2,042,000 after acquiring an additional 8,895 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in Republic Services in the second quarter valued at approximately $1,880,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the subject of several recent analyst reports. Citigroup cut their target price on Republic Services from $268.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Jefferies Financial Group set a $248.00 price objective on Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barclays decreased their target price on Republic Services from $237.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Bank of America dropped their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Stock Performance

Shares of RSG stock opened at $217.75 on Friday. The firm has a market capitalization of $67.41 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.53 and a beta of 0.55. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The business’s 50-day moving average price is $213.36 and its 200-day moving average price is $222.83. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter last year, the business earned $1.81 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.