Republic Services, Inc. $RSG Stock Holdings Lifted by Bessemer Group Inc.

Bessemer Group Inc. increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 7,683.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 739,792 shares of the business services provider’s stock after acquiring an additional 730,287 shares during the quarter. Bessemer Group Inc. owned 0.24% of Republic Services worth $169,768,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. Bowen Hanes & Co. Inc. boosted its position in Republic Services by 7.3% during the 2nd 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 period. Oregon Public Employees Retirement Fund lifted its position in shares of Republic Services by 32.9% in the third 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 in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Republic Services by 60.0% during the third 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 period. SteelPeak Wealth LLC purchased a new position in Republic Services during the second quarter valued at approximately $343,000. Finally, National Pension Service increased its stake in Republic Services by 1.2% in the 3rd quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after buying an additional 9,041 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RSG shares. Citigroup decreased their target price on shares of Republic Services from $268.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a research report on Friday, October 31st. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Robert W. Baird set a $240.00 price target on Republic Services in a report on Friday, October 31st. Finally, Scotiabank lowered their price target on 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.82.

Republic Services Price Performance

Shares of NYSE:RSG opened at $218.03 on Thursday. The stock has a market capitalization of $67.49 billion, a P/E ratio of 32.44, a P/E/G ratio of 3.49 and a beta of 0.54. The business has a 50-day moving average of $213.41 and a two-hundred day moving average of $221.33. 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 Buying and Selling

In other news, Director Katharine Weymouth purchased 478 shares of the company’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 completion of the transaction, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company 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.