Private Capital Group LLC Raises Stake in Republic Services, Inc. (RSG)

Private Capital Group LLC lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 68.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,713 shares of the business services provider’s stock after purchasing an additional 698 shares during the quarter. Private Capital Group LLC’s holdings in Republic Services were worth $124,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Lavaca Capital LLC acquired a new stake in Republic Services in the fourth quarter valued at approximately $76,000. IMS Capital Management acquired a new stake in Republic Services in the third quarter valued at approximately $80,000. First Hawaiian Bank acquired a new stake in Republic Services in the third quarter valued at approximately $119,000. Rehmann Capital Advisory Group raised its holdings in Republic Services by 16.3% in the third quarter. Rehmann Capital Advisory Group now owns 1,933 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 271 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new stake in Republic Services in the third quarter valued at approximately $186,000. 59.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of RSG opened at $76.56 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $24.68 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.18 and a beta of 0.61. Republic Services, Inc. has a 12-month low of $60.26 and a 12-month high of $78.54.

Several analysts recently weighed in on RSG shares. Oppenheimer reaffirmed a “hold” rating on shares of Republic Services in a report on Friday, October 26th. BMO Capital Markets reduced their target price on shares of Republic Services from $79.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Zacks Investment Research reaffirmed a “hold” rating and issued a $80.00 target price on shares of Republic Services in a report on Monday, December 31st. Goldman Sachs Group upgraded shares of Republic Services to a “hold” rating and set a $79.00 price target on the stock in a research note on Tuesday, December 4th. Finally, UBS Group lowered shares of Republic Services from a “buy” rating to a “neutral” rating and dropped their price target for the company from $83.00 to $77.00 in a research note on Thursday, January 10th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $74.88.

In other news, CAO Brian A. Goebel sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $71.27, for a total transaction of $213,810.00. Following the transaction, the chief accounting officer now directly owns 9,186 shares in the company, valued at $654,686.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian A. Goebel sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $74.25, for a total transaction of $148,500.00. Following the transaction, the chief accounting officer now owns 8,186 shares in the company, valued at $607,810.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,000 shares of company stock worth $581,220. Insiders own 0.30% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Private Capital Group LLC Raises Stake in Republic Services, Inc. (RSG)” was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2019/01/31/private-capital-group-llc-raises-stake-in-republic-services-inc-rsg.html.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.

Further Reading: What are Institutional Investors?

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

Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply