Yousif Capital Management LLC Grows Position in Republic Services, Inc. (NYSE:RSG)

Yousif Capital Management LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,291 shares of the business services provider’s stock after purchasing an additional 265 shares during the period. Yousif Capital Management LLC’s holdings in Republic Services were worth $6,697,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RSG. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC increased its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. Webster Bank N. A. purchased a new stake in shares of Republic Services during the third quarter valued at $31,000. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter worth about $32,000. Finally, Truvestments Capital LLC bought a new stake in Republic Services during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company 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 stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

Insider Transactions at Republic Services

In related 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 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. This represents a 44.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Stock Up 0.2 %

Shares of RSG stock opened at $221.43 on Friday. The stock’s fifty day moving average price is $209.90 and its 200 day moving average price is $206.04. Republic Services, Inc. has a 1-year low of $171.06 and a 1-year high of $221.75. The company has a market cap of $69.34 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

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.