Telos Capital Management Inc. Has $8.75 Million Stock Holdings in Republic Services, Inc. $RSG

Telos Capital Management Inc. lifted its stake in Republic Services, Inc. (NYSE:RSG) by 13.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,123 shares of the business services provider’s stock after purchasing an additional 4,430 shares during the quarter. Telos Capital Management Inc.’s holdings in Republic Services were worth $8,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RSG. Norges Bank acquired a new stake in shares of Republic Services during the second quarter valued at approximately $690,313,000. M&G PLC grew its position in Republic Services by 113.0% during 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 raised its stake in Republic Services by 174.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock valued at $169,038,000 after purchasing an additional 435,816 shares during the period. Invesco Ltd. lifted its holdings in shares of Republic Services by 21.3% in the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock valued at $573,443,000 after purchasing an additional 408,885 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Republic Services by 112.0% during the second quarter. National Pension Service now owns 749,603 shares of the business services provider’s stock valued at $184,860,000 after buying an additional 396,041 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Citigroup reduced their price target on shares of Republic Services from $268.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, January 16th. JPMorgan Chase & Co. lowered their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Oppenheimer cut their target price on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Finally, The Goldman Sachs Group began coverage on shares of Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.82.

Republic Services Price Performance

NYSE RSG opened at $213.85 on Wednesday. The firm has a market cap of $66.20 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 3.52 and a beta of 0.54. The stock’s 50-day moving average is $213.40 and its two-hundred day moving average is $221.36. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58.

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 purchased at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the transaction, the director directly owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

Republic Services Company 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.