Republic Services, Inc. (NYSE:RSG) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,863 shares of the business services provider’s stock after selling 1,150 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Republic Services were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Wealth Group LLC lifted its stake in shares of Republic Services by 1.5% in the 4th quarter. Cornerstone Wealth Group LLC now owns 19,757 shares of the business services provider’s stock valued at $3,975,000 after purchasing an additional 295 shares in the last quarter. KBC Group NV grew its position in Republic Services by 133.5% in the fourth quarter. KBC Group NV now owns 211,259 shares of the business services provider’s stock valued at $42,501,000 after acquiring an additional 120,769 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Republic Services during the 4th quarter valued at $30,676,000. Blue Trust Inc. increased its position in shares of Republic Services by 19.1% during the fourth quarter. Blue Trust Inc. now owns 5,575 shares of the business services provider’s stock worth $1,120,000 after acquiring an additional 896 shares during the last quarter. Finally, PFG Investments LLC grew its stake in Republic Services by 4.2% during the 4th quarter. PFG Investments LLC now owns 3,730 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 152 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RSG has been the subject of several research analyst reports. Oppenheimer boosted their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. CIBC boosted their target price on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Truist Financial raised their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their target price for the company from $211.00 to $238.00 in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average target price of $222.24.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s 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 of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Trading Down 0.2 %

Shares of Republic Services stock opened at $211.74 on Monday. The company’s fifty day moving average price is $209.45 and its two-hundred day moving average price is $205.22. The firm has a market capitalization of $66.31 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. Republic Services, Inc. has a 52-week low of $168.58 and a 52-week high of $220.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.54 EPS. On average, analysts expect that Republic Services, Inc. will post 6.25 EPS for the current year.

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.