Alps Advisors Inc. Purchases 3,502 Shares of Republic Services, Inc. $RSG

Alps Advisors Inc. grew its position in Republic Services, Inc. (NYSE:RSG) by 227.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,041 shares of the business services provider’s stock after purchasing an additional 3,502 shares during the quarter. Alps Advisors Inc.’s holdings in Republic Services were worth $1,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Financial Consulate Inc. bought a new stake in shares of Republic Services during the third quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in Republic Services in the second quarter worth $33,000. Finally, Westside Investment Management Inc. grew its stake in shares of Republic Services by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RSG shares. The Goldman Sachs Group started coverage on Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 price objective for the company. Jefferies Financial Group set a $248.00 price target on Republic Services and gave the stock a “buy” rating in a report on Monday, November 3rd. Wells Fargo & Company started coverage on Republic Services in a research note on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target for the company. Scotiabank cut their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $240.00 target price on Republic Services in a research report on Friday, October 31st. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Price Performance

Shares of RSG opened at $225.93 on Thursday. The company has a 50 day moving average of $214.12 and a two-hundred day moving average of $220.61. The company has a market cap of $69.94 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 3.64 and a beta of 0.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75.

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.