Republic Services, Inc. (NYSE:RSG) Stock Holdings Raised by Money Concepts Capital Corp

Money Concepts Capital Corp increased its holdings in Republic Services, Inc. (NYSE:RSG) by 18.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,424 shares of the business services provider’s stock after buying an additional 522 shares during the period. Money Concepts Capital Corp’s holdings in Republic Services were worth $689,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RSG. FSA Wealth Management LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC boosted its holdings in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the period. Webster Bank N. A. acquired a new position in shares of Republic Services in the 3rd quarter valued at about $31,000. R Squared Ltd acquired a new position in shares of Republic Services in the 4th quarter valued at about $32,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services during the 3rd quarter valued at about $34,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 0.2 %

NYSE RSG opened at $221.43 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50 day simple moving average is $209.90 and its 200 day simple moving average is $206.04. Republic Services, Inc. has a 12 month low of $171.06 and a 12 month high of $221.75. The company has a market capitalization of $69.34 billion, a P/E ratio of 35.43, a PEG ratio of 3.17 and a beta of 0.74.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Oppenheimer boosted their target price on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. CIBC boosted their target price on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction 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. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This represents 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.