Hantz Financial Services Inc. Increases Holdings in Republic Services, Inc. (NYSE:RSG)

Hantz Financial Services Inc. grew its stake in Republic Services, Inc. (NYSE:RSG) by 2.5% in the fourth quarter, Holdings Channel reports. The fund owned 5,225 shares of the business services provider’s stock after purchasing an additional 126 shares during the period. Hantz Financial Services Inc.’s holdings in Republic Services were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RSG. FSA Wealth Management LLC purchased a new position in Republic Services during the third quarter worth about $25,000. Wolff Wiese Magana LLC raised its position in shares of Republic Services by 351.6% during the 3rd 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. acquired a new position in Republic Services in the third quarter valued at approximately $31,000. R Squared Ltd acquired a new stake in Republic Services during the fourth quarter worth $32,000. Finally, Truvestments Capital LLC purchased a new stake in Republic Services in the third quarter valued at $34,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.7 %

NYSE:RSG opened at $216.82 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $209.77 and its 200-day simple moving average is $205.59. Republic Services, Inc. has a 12-month low of $169.83 and a 12-month high of $220.58. The firm has a market cap of $67.90 billion, a P/E ratio of 34.69, a PEG ratio of 3.11 and a beta of 0.73.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial raised their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Scotiabank assumed coverage on Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. Finally, CIBC lifted their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $222.24.

Insider Buying and Selling

In other news, 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade 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 Profile

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.