Savant Capital LLC Sells 2,458 Shares of Republic Services, Inc. $RSG

Savant Capital LLC lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 7.1% in the third quarter, Holdings Channel reports. The fund owned 32,194 shares of the business services provider’s stock after selling 2,458 shares during the quarter. Savant Capital LLC’s holdings in Republic Services were worth $7,388,000 as of its most recent filing with the SEC.

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

Republic Services Stock Performance

Shares of RSG stock opened at $218.66 on Friday. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The company’s 50 day moving average is $213.44 and its 200 day moving average is $221.31. The firm has a market cap of $67.69 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.56 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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group set a $248.00 price target on shares of Republic Services and gave the company a “buy” rating in a research note on Monday, November 3rd. Wells Fargo & Company started coverage on Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price on the stock. Scotiabank cut their price objective on shares of 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. Sanford C. Bernstein raised their price target on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Finally, Oppenheimer decreased their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

Insider Activity

In other news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. The trade was a 9.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by insiders.

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.