Caprock Group LLC Buys New Shares in Republic Services, Inc. $RSG

Caprock Group LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,312 shares of the business services provider’s stock, valued at approximately $1,243,000.

Several other institutional investors have also recently modified their holdings of the company. Bowen Hanes & Co. Inc. grew its position in shares of Republic Services by 7.3% during the second quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after acquiring an additional 17,280 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Republic Services by 32.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after purchasing an additional 5,740 shares during the period. Farther Finance Advisors LLC grew its position in Republic Services by 60.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock worth $2,906,000 after purchasing an additional 4,750 shares during the last quarter. National Pension Service increased its stake in Republic Services by 1.2% in the third quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after purchasing an additional 9,041 shares during the period. Finally, Valley National Advisers Inc. boosted its stake in shares of Republic Services by 148,250.0% during the third quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock worth $2,042,000 after buying an additional 8,895 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.9%

NYSE RSG opened at $222.92 on Friday. The stock has a market capitalization of $69.01 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 3.64 and a beta of 0.54. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The stock’s 50 day moving average price is $214.36 and its two-hundred day moving average price is $220.30. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the 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 acquisition, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Oppenheimer decreased their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Wells Fargo & Company started coverage on shares of Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective on the stock. Scotiabank reduced their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Finally, Robert W. Baird set a $240.00 price target on shares of Republic Services in a research note on Friday, October 31st. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.82.

About Republic Services

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.