Atria Investments Inc Grows Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Atria Investments Inc raised its holdings in Republic Services, Inc. (NYSE:RSGFree Report) by 10.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,201 shares of the business services provider’s stock after acquiring an additional 661 shares during the period. Atria Investments Inc’s holdings in Republic Services were worth $1,026,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Schechter Investment Advisors LLC boosted its position in Republic Services by 19.4% during the 3rd quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock worth $398,000 after purchasing an additional 453 shares during the period. Ossiam boosted its position in Republic Services by 41.8% during the 2nd quarter. Ossiam now owns 15,837 shares of the business services provider’s stock worth $2,426,000 after purchasing an additional 4,666 shares during the period. Savant Capital LLC boosted its position in Republic Services by 4.3% during the 2nd quarter. Savant Capital LLC now owns 26,733 shares of the business services provider’s stock worth $4,095,000 after purchasing an additional 1,104 shares during the period. Shelton Capital Management purchased a new stake in Republic Services during the 2nd quarter worth $204,000. Finally, CWM LLC boosted its position in Republic Services by 11.1% in the 2nd quarter. CWM LLC now owns 7,767 shares of the business services provider’s stock valued at $1,190,000 after buying an additional 777 shares during the last quarter. 57.23% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

NYSE RSG opened at $173.68 on Wednesday. Republic Services, Inc. has a 52 week low of $122.51 and a 52 week high of $174.46. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.06. The stock has a market cap of $54.65 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67. The company has a 50-day moving average price of $165.67 and a two-hundred day moving average price of $155.08.

Republic Services declared that its board has initiated a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RSG shares. Stifel Nicolaus upped their price objective on shares of Republic Services from $175.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. UBS Group upgraded shares of Republic Services from a “neutral” rating to a “buy” rating and upped their target price for the company from $155.00 to $175.00 in a research note on Monday, October 23rd. Citigroup upped their target price on shares of Republic Services from $178.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. The Goldman Sachs Group reiterated a “buy” rating on shares of Republic Services in a research note on Thursday, February 1st. Finally, Oppenheimer increased their price objective on shares of Republic Services from $172.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.33.

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Republic Services Company Profile

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Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. 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.

See Also

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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