Fenimore Asset Management Inc Has $56.78 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Fenimore Asset Management Inc cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 282,232 shares of the business services provider’s stock after selling 2,509 shares during the period. Republic Services accounts for approximately 1.2% of Fenimore Asset Management Inc’s holdings, making the stock its 29th biggest holding. Fenimore Asset Management Inc owned about 0.09% of Republic Services worth $56,779,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RSG. Exchange Traded Concepts LLC increased its stake in shares of Republic Services by 255.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 16,953 shares of the business services provider’s stock valued at $3,411,000 after acquiring an additional 12,180 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after purchasing an additional 48 shares during the period. Brighton Jones LLC boosted its position in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Republic Services by 4.3% in the 4th quarter. Avior Wealth Management LLC now owns 10,503 shares of the business services provider’s stock valued at $2,113,000 after buying an additional 430 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Republic Services by 18.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 65,723 shares of the business services provider’s stock worth $13,222,000 after acquiring an additional 10,142 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $211.74 on Friday. The firm has a market cap of $66.31 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. Republic Services, Inc. has a 52-week low of $168.58 and a 52-week high of $220.58. The business’s 50 day moving average price is $209.45 and its two-hundred day moving average price is $205.09. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The company had revenue of $4.08 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.54 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 6.25 EPS for the current year.

Analysts Set New Price Targets

RSG has been the subject of several research analyst reports. Truist Financial boosted their price objective on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley increased 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 report on Thursday, December 12th. CIBC upped their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Finally, William Blair started coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.24.

Insider Transactions at Republic Services

In other Republic Services news, 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 transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

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.