Janney Montgomery Scott LLC Buys 10,142 Shares of Republic Services, Inc. (NYSE:RSG)

Janney Montgomery Scott LLC raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 18.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 65,723 shares of the business services provider’s stock after purchasing an additional 10,142 shares during the period. Janney Montgomery Scott LLC’s holdings in Republic Services were worth $13,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSG. FSA Wealth Management LLC purchased a new stake in Republic Services in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC increased its stake in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter valued at $31,000. Truvestments Capital LLC purchased a new position in shares of Republic Services during the 3rd quarter valued at $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Republic Services in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.2 %

Shares of RSG opened at $211.74 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $209.45 and a 200 day moving average of $205.16. The company has a market cap of $66.31 billion, a PE ratio of 33.88, a P/E/G 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.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RSG shares. Truist Financial upped their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Scotiabank assumed coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective for the company. William Blair assumed coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $211.00 to $238.00 in a report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $222.24.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now directly owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services 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 sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

About Republic Services

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.