Zullo Investment Group Inc. Trims Position in Republic Services, Inc. (NYSE:RSG)

Zullo Investment Group Inc. lowered its stake in Republic Services, Inc. (NYSE:RSG – Get Rating) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,087 shares of the business services provider’s stock after selling 158 shares during the period. Zullo Investment Group Inc.’s holdings in Republic Services were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Schechter Investment Advisors LLC boosted its holdings in shares of Republic Services by 3.5% during the 3rd quarter. Schechter Investment Advisors LLC now owns 2,293 shares of the business services provider’s stock valued at $311,000 after buying an additional 77 shares in the last quarter. BOKF NA increased its stake in shares of Republic Services by 1.3% during the second quarter. BOKF NA now owns 5,893 shares of the business services provider’s stock valued at $772,000 after purchasing an additional 78 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Republic Services by 1.2% during the second quarter. Macquarie Group Ltd. now owns 6,656 shares of the business services provider’s stock valued at $871,000 after purchasing an additional 81 shares during the last quarter. First Commonwealth Financial Corp PA grew its stake in shares of Republic Services by 2.4% in the 1st quarter. First Commonwealth Financial Corp PA now owns 3,605 shares of the business services provider’s stock worth $478,000 after buying an additional 85 shares during the last quarter. Finally, Synovus Financial Corp increased its position in Republic Services by 0.6% during the 3rd quarter. Synovus Financial Corp now owns 14,947 shares of the business services provider’s stock valued at $2,032,000 after buying an additional 91 shares in the last quarter. 57.14% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Republic Services stock traded down $1.83 during trading on Thursday, reaching $122.96. The company had a trading volume of 716,783 shares, compared to its average volume of 1,620,422. The firm has a market capitalization of $38.86 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66. Republic Services, Inc. has a 52 week low of $113.57 and a 52 week high of $149.17. The firm’s 50-day simple moving average is $130.06 and its 200 day simple moving average is $135.22. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.18.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RSG. Jefferies Financial Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Republic Services in a research report on Tuesday, October 25th. Morgan Stanley decreased their price objective on shares of Republic Services from $150.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. BMO Capital Markets downgraded Republic Services from an “outperform” rating to a “market perform” rating and cut their target price for the company from $152.00 to $148.00 in a research note on Wednesday, December 7th. Raymond James dropped their price objective on Republic Services from $148.00 to $147.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st. Finally, Royal Bank of Canada dropped their price target on shares of Republic Services from $143.00 to $139.00 and set a “sector perform” rating on the stock in a report on Friday, October 28th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.63.

Republic Services Company Profile

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Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.