Alliance Wealth Advisors LLC UT Has $4.47 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Alliance Wealth Advisors LLC UT boosted its position in Republic Services, Inc. (NYSE:RSG) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,197 shares of the business services provider’s stock after buying an additional 571 shares during the period. Republic Services makes up approximately 1.2% of Alliance Wealth Advisors LLC UT’s portfolio, making the stock its 16th biggest position. Alliance Wealth Advisors LLC UT’s holdings in Republic Services were worth $4,466,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in Republic Services in the 4th quarter valued at about $51,000. Jennison Associates LLC raised its stake in shares of Republic Services by 1.0% in the fourth quarter. Jennison Associates LLC now owns 200,756 shares of the business services provider’s stock worth $40,388,000 after purchasing an additional 1,924 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Republic Services by 5.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 11,724 shares of the business services provider’s stock valued at $2,359,000 after purchasing an additional 595 shares in the last quarter. Greenleaf Trust grew its holdings in Republic Services by 2.4% during the fourth quarter. Greenleaf Trust now owns 4,708 shares of the business services provider’s stock worth $947,000 after buying an additional 112 shares in the last quarter. Finally, Spire Wealth Management raised its position in Republic Services by 15.3% in the 4th quarter. Spire Wealth Management now owns 6,457 shares of the business services provider’s stock valued at $1,299,000 after buying an additional 856 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred 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 owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services 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 transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RSG. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. CIBC upped their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Oppenheimer boosted their price target 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. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, Morgan Stanley raised their price target on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.24.

Republic Services Price Performance

RSG stock opened at $221.31 on Tuesday. The firm has a 50 day simple moving average of $209.77 and a two-hundred day simple moving average of $205.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $69.30 billion, a PE ratio of 35.41, a P/E/G ratio of 3.17 and a beta of 0.74. Republic Services, Inc. has a one year low of $171.06 and a one year high of $221.75.

Republic Services 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.