Tyche Wealth Partners LLC Acquires Shares of 3,933 Republic Services, Inc. (NYSE:RSG)

Tyche Wealth Partners LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,933 shares of the business services provider’s stock, valued at approximately $791,000.

A number of other large investors have also recently made changes to their positions in RSG. McGlone Suttner Wealth Management Inc. increased its stake in shares of 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 buying an additional 48 shares during the period. Simmons Bank increased its stake in shares of Republic Services by 2.8% in the third quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock worth $381,000 after buying an additional 51 shares during the period. Access Financial Services Inc. increased its stake 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 buying an additional 51 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Republic Services by 1.0% in the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after buying an additional 52 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Republic Services by 16.5% in the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock worth $77,000 after buying an additional 54 shares during the period. 57.73% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services 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 sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Jefferies Financial Group upped their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. 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 research note on Wednesday, October 30th. Finally, CIBC upped 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. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $222.24.

Republic Services Trading Up 0.7 %

Shares of RSG opened at $220.85 on Thursday. 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 firm has a market cap of $69.16 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. Republic Services, Inc. has a 1 year low of $171.06 and a 1 year high of $221.75. The company has a 50 day simple moving average of $209.84 and a two-hundred day simple moving average of $205.94.

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.