BDF Gestion Sells 2,559 Shares of Republic Services, Inc. (NYSE:RSG)

BDF Gestion reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,697 shares of the business services provider’s stock after selling 2,559 shares during the period. BDF Gestion’s holdings in Republic Services were worth $3,963,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in Republic Services in the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC increased its position in Republic Services by 351.6% in 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 in the last quarter. Webster Bank N. A. acquired a new stake in Republic Services in the 3rd quarter valued at about $31,000. R Squared Ltd acquired a new stake in Republic Services in the 4th quarter valued at about $32,000. Finally, Truvestments Capital LLC acquired a new stake in Republic Services in the 3rd quarter valued at about $34,000. 57.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on 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 approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Republic Services Stock Performance

Shares of RSG stock opened at $212.42 on Thursday. 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 fifty-two week low of $169.83 and a fifty-two week high of $220.58. The stock has a 50 day moving average price of $209.68 and a two-hundred day moving average price of $205.45. The company has a market capitalization of $66.52 billion, a P/E ratio of 33.99, a PEG ratio of 3.07 and a beta of 0.73.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.20. The firm 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%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 earnings per share. Analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Analyst Ratings Changes

RSG has been the subject of several analyst reports. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial lifted their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Scotiabank initiated coverage on shares of Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective on the stock. Finally, CIBC lifted their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $222.24.

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.