Whittier Trust Co. Purchases 147 Shares of Republic Services, Inc. (NYSE:RSG)

Whittier Trust Co. grew its position in Republic Services, Inc. (NYSE:RSG) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,162 shares of the business services provider’s stock after acquiring an additional 147 shares during the period. Whittier Trust Co.’s holdings in Republic Services were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSG. Wolff Wiese Magana LLC grew its position in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares during the period. EntryPoint Capital LLC bought a new stake in Republic Services in the 1st quarter valued at about $29,000. Webster Bank N. A. bought a new stake in Republic Services in the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Republic Services in the 2nd quarter valued at approximately $36,000. Finally, Indiana Trust & Investment Management CO acquired a new position in shares of Republic Services in the 2nd quarter valued at approximately $45,000. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RSG shares. Stifel Nicolaus upped their price objective on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. William Blair began coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Finally, TD Cowen raised their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.18.

Republic Services Stock Performance

Shares of RSG stock opened at $201.53 on Friday. The firm has a market cap of $63.29 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 3.27 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. Republic Services, Inc. has a 52 week low of $143.55 and a 52 week high of $208.69. The firm’s 50-day simple moving average is $204.11 and its two-hundred day simple moving average is $196.23.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. As a group, equities analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

About Republic Services

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.