Republic Services, Inc. (NYSE:RSG) Shares Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 99.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Several other institutional investors have also modified their holdings of RSG. Chemistry Wealth Management LLC acquired a new stake in Republic Services in the 1st quarter worth about $209,000. Capital Insight Partners LLC boosted its stake in shares of Republic Services by 10.9% in the first quarter. Capital Insight Partners LLC now owns 22,136 shares of the business services provider’s stock worth $4,238,000 after acquiring an additional 2,175 shares during the last quarter. Kathmere Capital Management LLC increased its position in shares of Republic Services by 9.5% during the first quarter. Kathmere Capital Management LLC now owns 3,138 shares of the business services provider’s stock worth $601,000 after purchasing an additional 272 shares in the last quarter. Burns J W & Co. Inc. NY purchased a new position in Republic Services in the 1st quarter valued at $207,000. Finally, Cornerstone Wealth Group LLC boosted its stake in Republic Services by 4.8% during the 1st quarter. Cornerstone Wealth Group LLC now owns 18,431 shares of the business services provider’s stock worth $3,528,000 after purchasing an additional 846 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Oppenheimer boosted their target price on Republic Services from $210.00 to $219.00 and gave the stock an “outperform” rating in a report on Monday. Stifel Nicolaus lifted their price objective on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. William Blair initiated coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $212.18.

Insider Buying and Selling

In other 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 value of $649,632.00. Following the sale, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Republic Services Stock Performance

Shares of RSG stock opened at $203.92 on Wednesday. Republic Services, Inc. has a 52 week low of $142.65 and a 52 week high of $208.69. The firm has a 50 day moving average of $204.08 and a two-hundred day moving average of $196.17. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $64.05 billion, a PE ratio of 34.16, a P/E/G ratio of 3.29 and a beta of 0.69.

Republic Services (NYSE:RSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.03 billion. On average, research analysts predict that Republic Services, Inc. will post 6.18 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.