Border to Coast Pensions Partnership Ltd Boosts Stake in Republic Services, Inc. $RSG

Border to Coast Pensions Partnership Ltd raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 30.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,608 shares of the business services provider’s stock after buying an additional 38,981 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Republic Services were worth $38,004,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Financial Consulate Inc. purchased a new position in shares of Republic Services in the third quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Republic Services in the 2nd quarter worth about $33,000. Finally, Westside Investment Management Inc. raised its position in shares of 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 buying an additional 86 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Up 1.9%

NYSE:RSG opened at $218.03 on Thursday. The company has a market cap of $67.49 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 3.49 and a beta of 0.54. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $213.41 and a 200-day simple moving average of $221.33.

Analyst Ratings Changes

Several equities research analysts have weighed in on RSG shares. Scotiabank reduced their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. Jefferies Financial Group set a $248.00 price target on Republic Services and gave the company a “buy” rating in a report on Monday, November 3rd. Barclays lowered their price target on Republic Services from $237.00 to $236.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Wells Fargo & Company started coverage on shares of Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price objective on the stock. Finally, Citigroup lowered their target price on shares of Republic Services from $268.00 to $244.00 and set a “buy” rating for the company in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $248.82.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth acquired 478 shares of the stock in a transaction on Tuesday, December 9th. The stock was bought at an average cost of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is currently owned by company insiders.

Republic Services Company Profile

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.