Sonora Investment Management Group LLC Has $25.46 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Sonora Investment Management Group LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,574 shares of the business services provider’s stock after purchasing an additional 1,399 shares during the period. Republic Services makes up 2.0% of Sonora Investment Management Group LLC’s portfolio, making the stock its 10th biggest position. Sonora Investment Management Group LLC’s holdings in Republic Services were worth $25,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC bought a new position in Republic Services during the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC boosted 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 worth $28,000 after acquiring an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new stake in Republic Services during the 3rd quarter valued at $31,000. R Squared Ltd bought a new position in Republic Services in the 4th quarter valued at $32,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services in the third quarter worth $34,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Jefferies Financial Group upped their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. Morgan Stanley increased their price objective on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Truist Financial raised 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. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $222.24.

Republic Services Price Performance

RSG opened at $218.55 on Friday. The stock has a market cap of $68.44 billion, a P/E ratio of 34.97, a P/E/G ratio of 3.11 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $209.68 and a 200 day simple moving average of $205.50. Republic Services, Inc. has a 12 month low of $169.83 and a 12 month high of $220.58.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. The firm had revenue of $4.08 billion for 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 business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. On average, research analysts expect that Republic Services, Inc. will post 6.25 EPS for the current year.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction that occurred 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 approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $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 company insiders.

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.