Republic Services, Inc. (NYSE:RSG) Shares Sold by Financial Advisory Partners LLC

Financial Advisory Partners LLC trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,465 shares of the business services provider’s stock after selling 128 shares during the quarter. Republic Services comprises 1.6% of Financial Advisory Partners LLC’s portfolio, making the stock its 15th largest position. Financial Advisory Partners LLC’s holdings in Republic Services were worth $4,721,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. FSA Wealth Management LLC purchased a new position in shares of Republic Services in the 3rd quarter worth $25,000. Wolff Wiese Magana LLC increased its stake in Republic Services by 351.6% during the third 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. purchased a new position in shares of Republic Services in the 3rd quarter worth about $31,000. R Squared Ltd purchased a new stake in shares of Republic Services during the 4th quarter worth about $32,000. Finally, Truvestments Capital LLC acquired a new stake in Republic Services during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley upped their price target on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Oppenheimer boosted their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.24.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction that occurred on 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 in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Republic Services Price Performance

RSG opened at $220.85 on Thursday. The company has a market capitalization of $69.16 billion, a P/E ratio of 35.34, a PEG ratio of 3.17 and a beta of 0.74. The company has a 50-day moving average of $209.84 and a 200-day moving average of $205.94. 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 1-year low of $171.06 and a 1-year high of $221.75.

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.