Nisa Investment Advisors LLC Purchases 341 Shares of Republic Services, Inc. (NYSE:RSG)

Nisa Investment Advisors LLC boosted its position in Republic Services, Inc. (NYSE:RSG) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,248 shares of the business services provider’s stock after buying an additional 341 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Republic Services were worth $9,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSG. FSA Wealth Management LLC acquired a new stake in Republic Services in the 3rd quarter worth $25,000. Wolff Wiese Magana LLC increased its stake in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares during the period. Webster Bank N. A. acquired a new position in Republic Services in the 3rd quarter valued at approximately $31,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Republic Services in the third quarter valued at $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Truist Financial raised their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, Scotiabank began coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target for the company. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $222.24.

Republic Services Stock Down 0.1 %

NYSE RSG opened at $212.28 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52 week low of $168.58 and a 52 week high of $220.58. The stock has a market capitalization of $66.47 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 3.11 and a beta of 0.73. The stock has a fifty day moving average of $209.32 and a 200-day moving average of $204.93.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $1.54 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current year.

Insider Buying and Selling at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

About Republic Services

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.