WMS Partners LLC Has $417,000 Position in Republic Services, Inc. (RSG)
WMS Partners LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 16.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,314 shares of the business services provider’s stock after purchasing an additional 900 shares during the quarter. WMS Partners LLC’s holdings in Republic Services were worth $417,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Evercore Wealth Management LLC grew its stake in shares of Republic Services by 48.6% in the second quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock worth $102,000 after purchasing an additional 521 shares during the last quarter. Sun Life Financial INC grew its stake in shares of Republic Services by 20,900.0% in the second quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock worth $107,000 after purchasing an additional 1,672 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in Republic Services during the second quarter valued at $141,000. Whittier Trust Co. of Nevada Inc. boosted its position in Republic Services by 59.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,903 shares of the business services provider’s stock valued at $185,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new stake in Republic Services during the second quarter valued at $191,000. 60.65% of the stock is currently owned by institutional investors.
Shares of Republic Services, Inc. (RSG) traded down 1.02% during mid-day trading on Tuesday, reaching $64.83. 371,234 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $65.09 and a 200-day moving average price of $64.24. Republic Services, Inc. has a one year low of $50.89 and a one year high of $67.18. The stock has a market cap of $21.83 billion, a PE ratio of 33.28 and a beta of 0.60.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Bank of America Corporation cut their price target on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Republic Services in a research report on Friday, August 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Republic Services in a research report on Thursday, September 7th. Finally, Credit Suisse Group set a $69.00 price target on shares of Republic Services and gave the company a “hold” rating in a research report on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $66.25.
In other Republic Services news, insider Donald W. Slager sold 22,608 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $66.05, for a total value of $1,493,258.40. Following the transaction, the insider now owns 246,617 shares in the company, valued at $16,289,052.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey A. Hughes sold 6,329 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total transaction of $420,878.50. Following the completion of the transaction, the executive vice president now owns 428 shares in the company, valued at approximately $28,462. The disclosure for this sale can be found here. Insiders sold 43,187 shares of company stock worth $2,854,922 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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