BI Asset Management Fondsmaeglerselskab A S Acquires 19,509 Shares of Republic Services, Inc. $RSG

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 82.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,076 shares of the business services provider’s stock after buying an additional 19,509 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Republic Services were worth $9,885,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ignite Planners LLC raised its holdings in Republic Services by 2.8% in the 2nd quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock worth $376,000 after purchasing an additional 43 shares during the period. L2 Asset Management LLC raised its stake in shares of Republic Services by 5.0% in the second quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after buying an additional 43 shares during the period. ANB Bank lifted its position in shares of Republic Services by 2.8% during the 3rd quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock valued at $388,000 after buying an additional 46 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Republic Services by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock valued at $1,783,000 after acquiring an additional 47 shares during the period. Finally, ORG Partners LLC increased its holdings in Republic Services by 5.8% in the 3rd quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock worth $206,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth acquired 478 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by insiders.

Republic Services Trading Up 0.2%

Shares of Republic Services stock opened at $218.66 on Friday. 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 business has a 50-day moving average price of $213.44 and a 200-day moving average price of $221.31. The firm has a market cap of $67.69 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.56 and a beta of 0.54.

Wall Street Analyst Weigh In

RSG has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company initiated coverage on shares of Republic Services in a research note on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price on the stock. The Goldman Sachs Group began coverage on Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 price target for the company. UBS Group set a $220.00 price target on Republic Services in a report on Monday, January 5th. Finally, Jefferies Financial Group set a $248.00 price objective on Republic Services and gave the stock a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.82.

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.