Yousif Capital Management LLC Acquires 265 Shares of Republic Services, Inc. (NYSE:RSG)

Yousif Capital Management LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 33,291 shares of the business services provider’s stock after buying an additional 265 shares during the quarter. Yousif Capital Management LLC’s holdings in Republic Services were worth $6,697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCW Group Inc. lifted its position in Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after purchasing an additional 13,138 shares during the period. Avanza Fonder AB bought a new position in shares of Republic Services during the 4th quarter valued at $4,430,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Republic Services in the 3rd quarter worth $6,102,000. Lifeworks Advisors LLC increased its position in Republic Services by 1,112.3% during the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after acquiring an additional 19,698 shares during the last quarter. Finally, Czech National Bank lifted its holdings in Republic Services by 6.1% in the fourth quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock valued at $8,879,000 after acquiring an additional 2,548 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of several research reports. Oppenheimer upped their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Morgan Stanley lifted their target price on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.38.

Republic Services Stock Up 0.2 %

Shares of RSG stock opened at $221.43 on Friday. The stock has a market cap of $69.34 billion, a P/E ratio of 35.43, a PEG ratio of 3.17 and a beta of 0.74. The company’s fifty day simple moving average is $209.90 and its two-hundred day simple moving average is $206.04. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 52 week low of $171.06 and a 52 week high of $221.75.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $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. 0.09% of the stock is owned by company insiders.

Republic Services Company 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.