Longbow Finance SA Buys 26,527 Shares of Republic Services, Inc. $RSG

Longbow Finance SA grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 75.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,546 shares of the business services provider’s stock after acquiring an additional 26,527 shares during the period. Republic Services comprises 1.4% of Longbow Finance SA’s investment portfolio, making the stock its 16th biggest position. Longbow Finance SA’s holdings in Republic Services were worth $14,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares during the last quarter. CWM LLC boosted its position in Republic Services by 9.1% during the second quarter. CWM LLC now owns 11,890 shares of the business services provider’s stock worth $2,932,000 after purchasing an additional 996 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Republic Services by 5.0% in the second quarter. Sequoia Financial Advisors LLC now owns 4,895 shares of the business services provider’s stock worth $1,207,000 after purchasing an additional 235 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Republic Services by 4.9% in the second quarter. Wilmington Savings Fund Society FSB now owns 6,155 shares of the business services provider’s stock valued at $1,518,000 after purchasing an additional 289 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of Republic Services by 11.1% in the second quarter. Sagespring Wealth Partners LLC now owns 1,756 shares of the business services provider’s stock worth $433,000 after acquiring an additional 176 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RSG shares. Scotiabank dropped their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Robert W. Baird set a $240.00 price target on Republic Services in a report on Friday, October 31st. The Goldman Sachs Group assumed coverage on Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price objective for the company. Wells Fargo & Company began coverage on shares of Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 target price on the stock. Finally, 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. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $248.82.

Republic Services Stock Down 2.4%

Shares of NYSE:RSG opened at $220.49 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average price is $214.23 and its 200-day moving average price is $220.61. The stock has a market capitalization of $68.26 billion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.54. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75.

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The stock was acquired at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

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.