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

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

Several other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Group LLC boosted its stake in shares of Republic Services by 1.5% in the fourth 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 during the period. KBC Group NV boosted its position in Republic Services by 133.5% in the 4th quarter. KBC Group NV now owns 211,259 shares of the business services provider’s stock valued at $42,501,000 after buying an additional 120,769 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Republic Services in the fourth quarter worth $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 period. Finally, PFG Investments LLC raised its stake in shares of Republic Services by 4.2% in the fourth quarter. PFG Investments LLC now owns 3,730 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 152 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 0.2 %

RSG stock opened at $211.74 on Monday. The company has a fifty day moving average price of $209.45 and a 200 day moving average price of $205.22. Republic Services, Inc. has a 12 month low of $168.58 and a 12 month 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. The company has a market cap of $66.31 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73.

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

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

RSG has been the topic of several recent research reports. Truist Financial upped their price target on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Morgan Stanley lifted their price target on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Jefferies Financial Group increased their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average target price of $222.24.

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.