Exchange Traded Concepts LLC Grows Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Exchange Traded Concepts LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 255.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,953 shares of the business services provider’s stock after buying an additional 12,180 shares during the period. Exchange Traded Concepts LLC’s holdings in Republic Services were worth $3,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. increased its holdings in shares of Republic Services by 2.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 48 shares in the last quarter. Brighton Jones LLC increased its stake in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of Republic Services by 4.3% in the fourth quarter. Avior Wealth Management LLC now owns 10,503 shares of the business services provider’s stock worth $2,113,000 after buying an additional 430 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of 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 valued at $13,222,000 after buying an additional 10,142 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Republic Services by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 46,248 shares of the business services provider’s stock valued at $9,304,000 after acquiring an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

RSG has been the topic of several analyst reports. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, Oppenheimer boosted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $222.24.

Republic Services Price Performance

Shares of NYSE:RSG opened at $211.74 on Friday. 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 firm has a market cap of $66.31 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 3.07 and a beta of 0.73. The firm has a fifty day moving average price of $209.45 and a 200 day moving average price of $205.09. Republic Services, Inc. has a fifty-two week low of $168.58 and a fifty-two week high of $220.58.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % 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 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.