Crossmark Global Holdings Inc. Has $3.03 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Crossmark Global Holdings Inc. lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,044 shares of the business services provider’s stock after selling 635 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Republic Services were worth $3,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Simmons Bank lifted its position in Republic Services by 2.8% in the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock valued at $381,000 after acquiring an additional 51 shares in the last quarter. Access Financial Services Inc. grew its stake in shares of Republic Services by 0.8% in the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after acquiring an additional 51 shares during the period. Hantz Financial Services Inc. raised its stake in Republic Services by 1.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock valued at $1,024,000 after buying an additional 52 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Republic Services by 16.5% in the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 54 shares during the period. Finally, Fidelis Capital Partners LLC lifted its stake in shares of Republic Services by 3.8% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock worth $310,000 after purchasing an additional 55 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Scotiabank initiated coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and increased their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. William Blair initiated coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Truist Financial increased their target price on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $221.12.

Republic Services Trading Down 1.2 %

Shares of NYSE RSG opened at $212.39 on Thursday. Republic Services, Inc. has a fifty-two week low of $168.01 and a fifty-two week high of $220.58. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 3.09 and a beta of 0.73. The business’s 50 day moving average price is $209.36 and its 200-day moving average price is $204.88. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. On average, sell-side analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Insider Activity

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

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.