Azzad Asset Management Inc. ADV Acquires New Stake in Republic Services, Inc. $RSG

Azzad Asset Management Inc. ADV acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,355 shares of the business services provider’s stock, valued at approximately $3,524,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Financial Consulate Inc. acquired a new position in shares of Republic Services in the 3rd quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. 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 position in shares of Republic Services in the 2nd quarter worth about $33,000. Finally, Westside Investment Management Inc. lifted its stake in shares of Republic Services by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 86 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This represents a 9.08% increase in their position. The purchase was disclosed in a document filed 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 Stock Performance

Shares of RSG opened at $220.26 on Friday. The firm has a market capitalization of $68.18 billion, a P/E ratio of 32.78, a P/E/G ratio of 3.59 and a beta of 0.54. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The stock has a 50 day moving average price of $213.50 and a two-hundred day moving average price of $221.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RSG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. UBS Group set a $220.00 price objective on shares of Republic Services in a research report on Monday, January 5th. JPMorgan Chase & Co. decreased their target price on Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Stifel Nicolaus cut their price target on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Robert W. Baird set a $240.00 price objective on Republic Services in a report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.