11,597 Shares in Republic Services, Inc. $RSG Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new stake in Republic Services, Inc. (NYSE:RSG) during the third quarter, HoldingsChannel reports. The fund bought 11,597 shares of the business services provider’s stock, valued at approximately $2,661,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bowen Hanes & Co. Inc. boosted its holdings in shares of Republic Services by 7.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after purchasing an additional 17,280 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Republic Services by 32.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after buying an additional 5,740 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Republic Services by 60.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after buying an additional 4,750 shares in the last quarter. Valley National Advisers Inc. increased its stake in shares of Republic Services by 148,250.0% in the 3rd quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock worth $2,042,000 after acquiring an additional 8,895 shares during the last quarter. Finally, Nebula Research & Development LLC purchased a new position in shares of Republic Services during the 2nd quarter worth $1,880,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on RSG. The Goldman Sachs Group started coverage on shares of Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 price objective for the company. Barclays reduced their price target on shares of Republic Services from $237.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Scotiabank lowered their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday. Oppenheimer reduced their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.82.

Republic Services Trading Up 0.9%

RSG opened at $217.75 on Friday. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $213.36 and a 200-day simple moving average of $222.83. The firm has a market cap of $67.41 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.53 and a beta of 0.55.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.Republic Services’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.