GYL Financial Synergies LLC boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,137 shares of the business services provider’s stock after buying an additional 259 shares during the quarter. GYL Financial Synergies LLC’s holdings in Republic Services were worth $281,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of RSG. Price Wealth LLC lifted its position in shares of Republic Services by 1,889.2% during the 4th quarter. Price Wealth LLC now owns 736 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 699 shares during the period. National Pension Service boosted its position in shares of Republic Services by 5.4% during the 3rd quarter. National Pension Service now owns 321,183 shares of the business services provider’s stock worth $27,798,000 after purchasing an additional 16,554 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Republic Services by 40.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 23,688 shares of the business services provider’s stock worth $2,050,000 after purchasing an additional 6,825 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Republic Services by 1,042.1% in the 3rd quarter. Squarepoint Ops LLC now owns 198,970 shares of the business services provider’s stock valued at $17,221,000 after buying an additional 181,548 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of Republic Services by 13.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 9,016 shares of the business services provider’s stock valued at $780,000 after buying an additional 1,059 shares during the period. Institutional investors and hedge funds own 58.11% of the company’s stock.
In related news, CAO Brian A. Goebel sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $94.73, for a total transaction of $189,460.00. Following the transaction, the chief accounting officer now directly owns 8,186 shares of the company’s stock, valued at $775,459.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Welborn John 3,000,000 shares of the business’s stock in a transaction on Thursday, November 21st. Insiders sold 8,000 shares of company stock worth $740,720 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.
Shares of RSG opened at $98.36 on Thursday. The firm has a market capitalization of $31.22 billion, a P/E ratio of 29.36, a P/E/G ratio of 3.34 and a beta of 0.47. Republic Services, Inc. has a 52 week low of $76.13 and a 52 week high of $98.81. The stock has a 50 day moving average price of $93.20 and a two-hundred day moving average price of $89.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.49.
A number of research analysts recently weighed in on the company. Jefferies Financial Group initiated coverage on Republic Services in a research note on Wednesday, November 27th. They set a “buy” rating and a $100.00 price target on the stock. BMO Capital Markets raised their price objective on Republic Services from $98.00 to $101.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Bank of America downgraded Republic Services from a “buy” rating to a “neutral” rating and set a $95.00 price objective for the company. in a report on Friday, January 10th. CIBC initiated coverage on Republic Services in a research report on Tuesday, December 17th. They set a “neutral” rating and a $99.00 target price on the stock. Finally, Deutsche Bank assumed coverage on Republic Services in a report on Friday, January 17th. They issued a “hold” rating and a $96.00 target price on the stock. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $94.60.
Republic Services Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
Featured Article: Roth IRA
Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.