Perfromance Wealth Partners LLC Reduces Stock Position in Republic Services, Inc. (NYSE:RSG)

Perfromance Wealth Partners LLC cut its position in Republic Services, Inc. (NYSE:RSG) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,165 shares of the business services provider’s stock after selling 190 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Republic Services were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Segment Wealth Management LLC boosted its stake in shares of Republic Services by 1.8% during the 4th quarter. Segment Wealth Management LLC now owns 5,242 shares of the business services provider’s stock valued at $1,055,000 after purchasing an additional 95 shares in the last quarter. Perpetual Ltd grew its position in Republic Services by 8.4% during the fourth quarter. Perpetual Ltd now owns 66,299 shares of the business services provider’s stock valued at $13,338,000 after buying an additional 5,111 shares during the period. Ballentine Partners LLC boosted its position in shares of Republic Services by 1.4% in the fourth quarter. Ballentine Partners LLC now owns 7,687 shares of the business services provider’s stock worth $1,546,000 after purchasing an additional 105 shares during the period. UMB Bank n.a. boosted its position in shares of Republic Services by 15.2% in the fourth quarter. UMB Bank n.a. now owns 1,897 shares of the business services provider’s stock worth $382,000 after purchasing an additional 251 shares during the period. Finally, Access Financial Services Inc. boosted its position in shares of Republic Services by 0.8% in the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of several research analyst reports. Morgan Stanley boosted their target price 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. Oppenheimer upped their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. CIBC upped their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Scotiabank began coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their price target for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.12.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was 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 owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

Shares of Republic Services stock opened at $214.87 on Wednesday. The business has a 50-day simple moving average of $209.31 and a 200-day simple moving average of $204.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $67.29 billion, a PE ratio of 34.38, a P/E/G ratio of 3.09 and a beta of 0.73. Republic Services, Inc. has a one year low of $167.51 and a one year high of $220.58.

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, beating the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. On average, equities research analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Company 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.