Machina Capital S.A.S. Increases Stock Position in Republic Services, Inc. $RSG

Machina Capital S.A.S. boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 175.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,381 shares of the business services provider’s stock after purchasing an additional 11,060 shares during the period. Machina Capital S.A.S.’s holdings in Republic Services were worth $3,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in shares of Republic Services in the third quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of 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 in the last quarter. NewSquare Capital LLC increased its stake in shares of Republic Services by 68.5% in the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Republic Services during the 2nd quarter valued at $33,000. Finally, Westside Investment Management Inc. grew its holdings in Republic Services by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after acquiring an additional 86 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Down 0.9%

Shares of Republic Services stock opened at $213.85 on Wednesday. The stock has a market capitalization of $66.20 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 3.52 and a beta of 0.54. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The business’s 50 day simple moving average is $213.40 and its 200-day simple moving average is $221.36.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RSG. Wells Fargo & Company started coverage on shares of Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target on the stock. UBS Group set a $220.00 target price on Republic Services in a report on Monday, January 5th. The Goldman Sachs Group initiated coverage on Republic Services in a research report on Monday, November 24th. They issued a “buy” rating and a $255.00 target price for the company. Raymond James Financial reissued an “outperform” rating and set a $240.00 price target on shares of Republic Services in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.82.

Insider Activity

In other news, Director Katharine Weymouth purchased 478 shares of Republic Services stock in a transaction dated 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 completion of the acquisition, the director owned 5,740 shares in the company, valued at $1,202,300.40. The trade was a 9.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Republic Services 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.