Telos Capital Management Inc. Has $8.75 Million Position in Republic Services, Inc. $RSG

Telos Capital Management Inc. increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 13.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 38,123 shares of the business services provider’s stock after purchasing an additional 4,430 shares during the period. Telos Capital Management Inc.’s holdings in Republic Services were worth $8,748,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Republic Services by 1.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 8,922 shares of the business services provider’s stock worth $2,047,000 after buying an additional 147 shares during the last quarter. Westside Investment Management Inc. raised its stake in Republic Services by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 86 shares during the last quarter. Strengthening Families & Communities LLC boosted its holdings in Republic Services by 2,744.7% in the 3rd quarter. Strengthening Families & Communities LLC now owns 14,821 shares of the business services provider’s stock valued at $3,384,000 after purchasing an additional 14,300 shares during the period. Physician Wealth Advisors Inc. grew its position in Republic Services by 58.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 318 shares of the business services provider’s stock worth $73,000 after purchasing an additional 117 shares during the last quarter. Finally, Running Oak Capital LLC increased its holdings in shares of Republic Services by 3.8% during the 3rd quarter. Running Oak Capital LLC now owns 71,796 shares of the business services provider’s stock worth $16,476,000 after purchasing an additional 2,634 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Down 0.9%

Shares of Republic Services stock opened at $213.85 on Wednesday. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The stock has a market capitalization of $66.20 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 3.52 and a beta of 0.54. The company has a 50-day simple moving average of $213.40 and a 200 day simple moving average of $221.36. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Bank of America decreased their target price on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Wells Fargo & Company assumed coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price objective on the stock. Scotiabank cut their target price on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Oppenheimer decreased their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Finally, Stifel Nicolaus dropped their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.82.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.