Spirit of America Management Corp NY Purchases Shares of 550 Republic Services, Inc. (NYSE:RSG)

Spirit of America Management Corp NY acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 550 shares of the business services provider’s stock, valued at approximately $111,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of Republic Services in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC raised its stake in 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 purchasing an additional 109 shares during the last quarter. Webster Bank N. A. bought a new stake in Republic Services in the 3rd quarter valued at $31,000. R Squared Ltd bought a new position in shares of Republic Services during the 4th quarter worth about $32,000. Finally, Truvestments Capital LLC acquired a new position in shares of Republic Services during the third quarter valued at about $34,000. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the topic of several research reports. Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. 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 note on Wednesday, October 30th. CIBC raised their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and upped their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.24.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred 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 sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Republic Services Price Performance

Republic Services stock opened at $220.85 on Thursday. Republic Services, Inc. has a 52 week low of $171.06 and a 52 week high of $221.75. The firm has a market cap of $69.16 billion, a P/E ratio of 35.34, a P/E/G ratio of 3.17 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The business’s fifty day moving average is $209.84 and its two-hundred day moving average is $205.94.

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.