Welch Group LLC Sells 487 Shares of Republic Services, Inc. (NYSE:RSG)

Welch Group LLC decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,122 shares of the business services provider’s stock after selling 487 shares during the period. Welch Group LLC’s holdings in Republic Services were worth $1,634,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. TCW Group Inc. raised its position in shares of Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock worth $23,013,000 after acquiring an additional 13,138 shares in the last quarter. Avanza Fonder AB purchased a new stake in Republic Services in the fourth quarter worth $4,430,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Republic Services during the third quarter valued at $6,102,000. Lifeworks Advisors LLC boosted its holdings in shares of Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after buying an additional 19,698 shares in the last quarter. Finally, Czech National Bank increased its stake in shares of Republic Services by 6.1% in the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock worth $8,879,000 after acquiring an additional 2,548 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

RSG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Jefferies Financial Group lifted their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Truist Financial boosted their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $222.24.

Republic Services Price Performance

Shares of Republic Services stock opened at $221.31 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s fifty day moving average is $209.77 and its 200 day moving average is $205.71. The stock has a market cap of $69.30 billion, a P/E ratio of 35.41, a P/E/G ratio of 3.17 and a beta of 0.74. Republic Services, Inc. has a one year low of $171.06 and a one year high of $221.75.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.