Simplicity Wealth LLC Has $905,000 Stock Position in Republic Services, Inc. $RSG

Simplicity Wealth LLC lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 52.7% in the third quarter, HoldingsChannel.com reports. The firm owned 3,943 shares of the business services provider’s stock after selling 4,397 shares during the quarter. Simplicity Wealth LLC’s holdings in Republic Services were worth $905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Consulate Inc. acquired a new stake in shares of Republic Services during the third quarter worth $25,000. NewSquare Capital LLC lifted its holdings in Republic Services by 68.5% in the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after buying an additional 50 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in Republic Services during the second quarter valued at $33,000. Hilltop National Bank acquired a new stake in Republic Services during the 2nd quarter worth about $47,000. Finally, Tradewinds Capital Management LLC raised its position in shares of Republic Services by 154.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 216 shares of the business services provider’s stock worth $53,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth purchased 478 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company began coverage on Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price on the stock. Raymond James Financial reissued an “outperform” rating and issued a $240.00 price target on shares of Republic Services in a research note on Friday, October 31st. Jefferies Financial Group set a $248.00 price objective on shares of Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Finally, Stifel Nicolaus reduced their price target on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.82.

Republic Services Price Performance

Shares of NYSE:RSG opened at $217.75 on Friday. The stock’s 50 day moving average is $213.36 and its 200-day moving average is $222.83. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month 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 firm has a market capitalization of $67.41 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.53 and a beta of 0.55.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share 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 the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 earnings per share. Sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Company 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.