Janney Capital Management LLC Sells 1,370 Shares of Republic Services, Inc. (NYSE:RSG)

Janney Capital Management LLC lessened its stake in Republic Services, Inc. (NYSE:RSG) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,905 shares of the business services provider’s stock after selling 1,370 shares during the quarter. Janney Capital Management LLC’s holdings in Republic Services were worth $8,229,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages have issued reports on RSG. 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 report on Friday, December 6th. CIBC increased their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley lifted their target price on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their price target for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, William Blair started coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $221.12.

Insider Transactions at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the firm’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 transaction, the director now owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Stock Down 0.1 %

RSG opened at $213.53 on Wednesday. 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’s fifty day simple moving average is $209.36 and its 200 day simple moving average is $204.88. Republic Services, Inc. has a 52 week low of $167.51 and a 52 week high of $220.58. The stock has a market cap of $66.87 billion, a PE ratio of 34.26, a P/E/G ratio of 3.09 and a beta of 0.73.

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