E. Ohman J or Asset Management AB Boosts Holdings in Republic Services, Inc. (NYSE:RSG)

E. Ohman J or Asset Management AB grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,700 shares of the business services provider’s stock after buying an additional 700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Republic Services were worth $1,951,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in Republic Services in the third quarter valued at about $25,000. Wolff Wiese Magana LLC lifted its holdings 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 buying an additional 109 shares during the period. Webster Bank N. A. purchased a new stake in shares of Republic Services in the third quarter valued at approximately $31,000. R Squared Ltd purchased a new position in Republic Services in the fourth quarter worth $32,000. Finally, Truvestments Capital LLC acquired a new stake in Republic Services in the third quarter valued at $34,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

RSG stock opened at $219.22 on Wednesday. The stock has a market capitalization of $68.65 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. The stock’s fifty day simple moving average is $209.84 and its 200-day simple moving average is $205.83. Republic Services, Inc. has a 52-week low of $171.06 and a 52-week high of $221.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Insider Transactions at Republic Services

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 transaction, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % 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.

Wall Street Analyst Weigh In

RSG has been the subject of a number of research analyst reports. 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. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. CIBC upped their price target on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Jefferies Financial Group lifted their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Oppenheimer raised their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $222.24.

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.