Cornerstone Wealth Group LLC Has $3.98 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Cornerstone Wealth Group LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,757 shares of the business services provider’s stock after purchasing an additional 295 shares during the period. Cornerstone Wealth Group LLC’s holdings in Republic Services were worth $3,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in shares of Republic Services during the third quarter worth about $25,000. Wolff Wiese Magana LLC boosted its position in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares during the last quarter. Webster Bank N. A. bought a new position in shares of Republic Services during the 3rd quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services in the third quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC acquired a new position in Republic Services during the third quarter worth $39,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG opened at $211.74 on Monday. The firm has a market cap 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. The business’s 50 day moving average is $209.45 and its 200-day moving average is $205.16. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 1-year low of $168.58 and a 1-year high of $220.58.

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

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction 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 sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Truist Financial increased their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Morgan Stanley increased their price objective on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Oppenheimer boosted their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Republic Services currently 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.