Simon Quick Advisors LLC Invests $237,000 in Republic Services, Inc. (NYSE:RSG)

Simon Quick Advisors LLC acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,181 shares of the business services provider’s stock, valued at approximately $237,000.

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

Insider Transactions at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the business’s 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 directly owns 879 shares in the company, valued at $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. Company insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

Shares of 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. Republic Services, Inc. has a 1 year low of $168.58 and a 1 year high of $220.58. The firm has a fifty day moving average of $209.37 and a 200-day moving average of $204.98. The company has a market cap of $66.31 billion, a price-to-earnings 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 quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Jefferies Financial Group raised their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank assumed coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Truist Financial raised their target price on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $222.24.

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.