Money Concepts Capital Corp Purchases 522 Shares of Republic Services, Inc. (NYSE:RSG)

Money Concepts Capital Corp boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,424 shares of the business services provider’s stock after purchasing an additional 522 shares during the quarter. Money Concepts Capital Corp’s holdings in Republic Services were worth $689,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RSG. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after buying an additional 4,827 shares in the last quarter. Spirit of America Management Corp NY bought a new stake in Republic Services during the 4th quarter worth about $111,000. Stratos Wealth Partners LTD. boosted its stake in shares of Republic Services by 1.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 63,459 shares of the business services provider’s stock valued at $12,767,000 after purchasing an additional 1,175 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Republic Services by 0.8% in the 4th quarter. Yousif Capital Management LLC now owns 33,291 shares of the business services provider’s stock valued at $6,697,000 after purchasing an additional 265 shares during the last quarter. Finally, Cassia Capital Partners LLC raised its position in shares of Republic Services by 30.6% in the 4th quarter. Cassia Capital Partners LLC now owns 4,756 shares of the business services provider’s stock valued at $957,000 after acquiring an additional 1,115 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer raised their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Morgan Stanley raised their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $211.00 to $238.00 in a report on Friday, December 6th. Finally, Jefferies Financial Group upped their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $224.38.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction 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 sale, the director now directly owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares in the company, valued at $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. 0.09% of the stock is owned by company insiders.

Republic Services Price Performance

Shares of RSG opened at $221.43 on Friday. Republic Services, Inc. has a 12-month low of $171.06 and a 12-month high of $221.75. The business’s fifty day moving average is $209.90 and its 200 day moving average is $206.04. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $69.34 billion, a P/E ratio of 35.43, a P/E/G ratio of 3.17 and a beta of 0.74.

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.