Republic Services, Inc. (NYSE:RSG) Shares Sold by Brighton Jones LLC

Brighton Jones LLC lessened its stake in Republic Services, Inc. (NYSE:RSG) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,275 shares of the business services provider’s stock after selling 818 shares during the quarter. Brighton Jones LLC’s holdings in Republic Services were worth $2,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSG. Wolff Wiese Magana LLC boosted its position 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. EntryPoint Capital LLC acquired a new position in Republic Services in the 1st quarter valued at about $29,000. Webster Bank N. A. purchased a new stake in shares of Republic Services in the 3rd quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Republic Services during the 2nd quarter valued at approximately $36,000. Finally, Indiana Trust & Investment Management CO acquired a new position in Republic Services in the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. William Blair began coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Royal Bank of Canada boosted their price objective on shares of Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. Oppenheimer boosted their price target on shares of Republic Services from $210.00 to $219.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Scotiabank started coverage on shares of Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.18.

Republic Services Price Performance

Republic Services stock opened at $203.98 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $204.11 and a 200-day simple moving average of $196.23. The stock has a market cap of $64.24 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 3.29 and a beta of 0.69. Republic Services, Inc. has a 12-month low of $142.65 and a 12-month high of $208.69.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Equities analysts expect that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

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.