Lantz Financial LLC Sells 495 Shares of Republic Services, Inc. (NYSE:RSG)

Lantz Financial LLC lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,736 shares of the business services provider’s stock after selling 495 shares during the quarter. Lantz Financial LLC’s holdings in Republic Services were worth $2,562,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RSG. Wellington Management Group LLP raised its holdings in Republic Services by 23.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after purchasing an additional 1,131,850 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Republic Services by 1.7% during the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after buying an additional 73,207 shares during the period. Nordea Investment Management AB raised its stake in Republic Services by 19.4% during the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock worth $626,553,000 after buying an additional 509,116 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Republic Services by 2.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock valued at $506,265,000 after acquiring an additional 57,040 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock worth $364,449,000 after acquiring an additional 1,477,255 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the topic of several research analyst reports. Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday. William Blair initiated coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Scotiabank initiated coverage on shares of Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. Morgan Stanley raised their price target on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.24.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was 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 Trading Down 0.2 %

Shares of Republic Services stock opened at $211.74 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a fifty day simple moving average of $209.45 and a 200 day simple moving average of $205.09. Republic Services, Inc. has a 12-month low of $168.58 and a 12-month high of $220.58. The company has a market capitalization of $66.31 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73.

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

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.