Republic Services, Inc. (NYSE:RSG) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 46,248 shares of the business services provider’s stock after buying an additional 341 shares during the period. Nisa Investment Advisors LLC’s holdings in Republic Services were worth $9,304,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RSG. FSA Wealth Management LLC purchased a new stake in Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC boosted its position in shares of Republic Services by 351.6% in the third 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. purchased a new stake in shares of Republic Services during the 3rd quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in Republic Services during the 3rd quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in Republic Services in the 3rd quarter worth approximately $39,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Price Performance

Shares of NYSE RSG opened at $212.28 on Friday. 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 business’s fifty day moving average price is $209.32 and its two-hundred day moving average price is $204.93. The firm has a market capitalization of $66.47 billion, a PE ratio of 33.96, a P/E/G ratio of 3.11 and a beta of 0.73.

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

Analysts Set New Price Targets

RSG has been the topic of a number of recent research reports. Scotiabank initiated coverage on shares of Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Truist Financial increased their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group raised their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $222.24.

Insiders Place Their Bets

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction 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 $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the 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 $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. 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.