Baader Bank Aktiengesellschaft Reduces Holdings in Republic Services, Inc. (NYSE:RSG)

Baader Bank Aktiengesellschaft lessened its position in Republic Services, Inc. (NYSE:RSG) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,090 shares of the business services provider’s stock after selling 1,192 shares during the quarter. Republic Services accounts for 0.5% of Baader Bank Aktiengesellschaft’s portfolio, making the stock its 26th largest position. Baader Bank Aktiengesellschaft’s holdings in Republic Services were worth $8,266,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in Republic Services during the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC raised its stake 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 in the last quarter. Webster Bank N. A. purchased a new stake in shares of Republic Services in the third quarter valued at approximately $31,000. R Squared Ltd purchased a new position in Republic Services during the 4th quarter worth $32,000. Finally, Truvestments Capital LLC bought a new stake in Republic Services during the 3rd quarter valued at $34,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Down 1.7 %

NYSE:RSG opened at $212.42 on Thursday. The company’s fifty day moving average price is $209.68 and its 200-day moving average price is $205.45. The firm has a market capitalization of $66.52 billion, a P/E ratio of 33.99, a PEG 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 $169.83 and a 1-year high of $220.58.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Morgan Stanley boosted their price objective on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Truist Financial increased their target price on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, CIBC upped their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $222.24.

Insider Activity at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

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.