Cyndeo Wealth Partners LLC Sells 204 Shares of Republic Services, Inc. (NYSE:RSG)

Cyndeo Wealth Partners LLC lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,654 shares of the business services provider’s stock after selling 204 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Republic Services were worth $2,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in Republic Services in the 3rd quarter worth $25,000. Wolff Wiese Magana LLC increased its position in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the period. Webster Bank N. A. acquired a new position in shares of Republic Services during the third quarter worth approximately $31,000. Truvestments Capital LLC bought a new stake in shares of Republic Services in the third quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services in the third quarter worth $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.2 %

Shares of RSG opened at $211.74 on Friday. The stock has a fifty day moving average price of $209.45 and a two-hundred day moving average price of $205.09. 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 company has a market cap of $66.31 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 3.07 and a beta of 0.73. Republic Services, Inc. has a 52-week low of $168.58 and a 52-week high of $220.58.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Analysts predict that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts have weighed in on RSG shares. Morgan Stanley increased their price target on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Truist Financial upped their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, Oppenheimer raised their target price on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.24.

Republic Services Company 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.