From MarketBeat:

Janney Capital Management LLC purchased 45,225 shares of Republic Services stock during the third quarter, bringing their total investment to approximately $6.45 million. A number of other institutional investors also made substantial changes to their positions in the company, with Norges Bank purchasing shares valued at $258.03 million.

Shares of Republic Services (NYSE: RSG) traded at $173.66 on Friday, with 801,200 shares changing hands. The company has a market capitalization of $54.64 billion, a P/E ratio of 33.59, and a current ratio of 0.58. Additionally, the Board of Directors announced a stock repurchase plan of $3.00 billion, signaling confidence in the stock’s undervaluation.

A series of research reports have been published on Republic Services stock. The company has received an “outperform” rating from Oppenheimer and a “buy” rating from UBS Group. Currently, Republic Services holds a “Moderate Buy” rating and an average price target of $168.67 from analysts.

Republic Services, Inc. provides environmental services in the U.S., including the collection and processing of recyclable and waste materials. The company, with a market capitalization of $54.64 billion, is involved in the transportation and disposal of non-hazardous and hazardous waste streams.

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Read more: Janney Capital Management LLC Purchases Shares of 45,225 Republic Services, Inc. (NYSE:RSG)