Segment Wealth Management LLC Increases Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Segment Wealth Management LLC lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 99.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,147 shares of the business services provider’s stock after purchasing an additional 2,570 shares during the period. Segment Wealth Management LLC’s holdings in Republic Services were worth $1,034,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RSG. RFG Advisory LLC increased its position in Republic Services by 0.5% during the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock valued at $2,061,000 after acquiring an additional 53 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Republic Services by 2.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after acquiring an additional 53 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Republic Services by 2.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock valued at $364,000 after acquiring an additional 54 shares during the period. Hexagon Capital Partners LLC grew its position in Republic Services by 4.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 55 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Republic Services by 1.2% during the second quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock worth $956,000 after purchasing an additional 57 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Stock Performance

Shares of NYSE RSG opened at $203.92 on Wednesday. The company has a 50 day simple moving average of $204.08 and a two-hundred day simple moving average of $196.17. The stock has a market cap of $64.05 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 3.29 and a beta of 0.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 12 month low of $142.65 and a 12 month high of $208.69.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. As a group, analysts predict that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. BMO Capital Markets increased their price objective on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Scotiabank began coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $192.00 to $220.00 in a research report on Thursday, July 11th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.18.

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.