Advisors Asset Management Inc. Purchases 3,835 Shares of Republic Services, Inc. $RSG

Advisors Asset Management Inc. boosted its position in Republic Services, Inc. (NYSE:RSG) by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,352 shares of the business services provider’s stock after acquiring an additional 3,835 shares during the quarter. Advisors Asset Management Inc.’s holdings in Republic Services were worth $10,637,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Republic Services by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock worth $4,699,892,000 after buying an additional 296,719 shares during the last quarter. Geode Capital Management LLC raised its stake in Republic Services by 3.1% during the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock worth $1,187,328,000 after acquiring an additional 144,003 shares in the last quarter. Norges Bank acquired a new stake in shares of Republic Services in the 2nd quarter valued at approximately $690,313,000. Franklin Resources Inc. grew its holdings in shares of Republic Services by 10.1% during the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock valued at $586,854,000 after purchasing an additional 218,114 shares during the last quarter. Finally, Invesco Ltd. increased its position in Republic Services by 21.3% during the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 1.3%

Shares of Republic Services stock opened at $225.93 on Thursday. The firm has a market cap of $69.94 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 3.64 and a beta of 0.54. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The stock’s 50-day moving average is $214.12 and its 200 day moving average is $220.61. 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 Activity

In related news, Director Katharine Weymouth acquired 478 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were bought at an average price of $209.46 per share, with a total value of $100,121.88. Following 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 can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RSG. JPMorgan Chase & Co. decreased their target price on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Barclays reduced their price objective on Republic Services from $237.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. The Goldman Sachs Group began 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. Sanford C. Bernstein boosted their price target on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Finally, Wells Fargo & Company started coverage on shares of Republic Services in a report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective for the company. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

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.