Quilter Plc grew its holdings in Republic Services, Inc. (NYSE:RSG – Free Report) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,488 shares of the business services provider’s stock after purchasing an additional 7,172 shares during the quarter. Quilter Plc’s holdings in Republic Services were worth $8,832,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Financial Consulate Inc. acquired a new stake in shares of Republic Services in the third quarter worth $25,000. NewSquare Capital LLC boosted its holdings in Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in Republic Services in the 2nd quarter worth $33,000. Hilltop National Bank bought a new position in shares of Republic Services during the 2nd quarter worth about $47,000. Finally, Tradewinds Capital Management LLC raised its position in shares of Republic Services by 154.1% during the second quarter. Tradewinds Capital Management LLC now owns 216 shares of the business services provider’s stock valued at $53,000 after buying an additional 131 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.
Republic Services Stock Performance
Shares of Republic Services stock opened at $217.75 on Friday. The firm has a fifty day moving average of $213.36 and a two-hundred day moving average of $222.72. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $67.41 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.56 and a beta of 0.55. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75.
Insiders Place Their Bets
In other news, Director Katharine Weymouth acquired 478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Citigroup decreased their target price on Republic Services from $268.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Scotiabank cut their price target on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday. Barclays lowered their target price on shares of Republic Services from $237.00 to $236.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group assumed coverage on Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price target for the company. Finally, Jefferies Financial Group set a $248.00 target price on shares of Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $248.82.
About Republic Services
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.
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