Republic Services, Inc. $RSG Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 35.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,933 shares of the business services provider’s stock after selling 5,465 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Republic Services were worth $2,279,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in Republic Services in the second quarter worth about $690,313,000. Bessemer Group Inc. grew its stake in shares of Republic Services by 7,683.2% in the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after purchasing an additional 730,287 shares during the last quarter. M&G PLC raised its holdings in shares of Republic Services by 113.0% in the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock worth $287,670,000 after purchasing an additional 617,939 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Republic Services by 174.6% during the second quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after buying an additional 435,816 shares in the last quarter. Finally, Invesco Ltd. grew its position in Republic Services by 21.3% in the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after buying an additional 408,885 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

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

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, with a total value of $100,121.88. Following the purchase, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This represents a 9.08% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group set a $220.00 price objective on Republic Services in a research note on Monday, January 5th. The Goldman Sachs Group began coverage on Republic Services in a research report on Monday, November 24th. They issued a “buy” rating and a $255.00 price target for the company. Sanford C. Bernstein boosted their price objective on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Scotiabank decreased their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. Finally, Oppenheimer cut their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

About Republic Services

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.