Republic Services, Inc. $RSG Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 32.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,443 shares of the business services provider’s stock after selling 7,793 shares during the period. Pacer Advisors Inc.’s holdings in Republic Services were worth $3,773,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RSG. Spirit of America Management Corp NY increased its position in Republic Services by 75.0% during the 3rd quarter. Spirit of America Management Corp NY now owns 1,750 shares of the business services provider’s stock valued at $402,000 after buying an additional 750 shares in the last quarter. SFM LLC grew its stake in shares of Republic Services by 7.8% during the third quarter. SFM LLC now owns 6,639 shares of the business services provider’s stock worth $1,523,000 after acquiring an additional 481 shares during the last quarter. World Investment Advisors increased its holdings in shares of Republic Services by 11.3% during the third quarter. World Investment Advisors now owns 4,336 shares of the business services provider’s stock valued at $995,000 after acquiring an additional 440 shares in the last quarter. Brookstone Capital Management raised its position in shares of Republic Services by 8.9% in the 3rd quarter. Brookstone Capital Management now owns 52,816 shares of the business services provider’s stock valued at $12,120,000 after purchasing an additional 4,299 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in Republic Services by 1.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 40,879 shares of the business services provider’s stock worth $9,329,000 after purchasing an additional 644 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.5%

Shares of RSG stock opened at $214.39 on Tuesday. Republic Services, Inc. has a twelve month low of $199.43 and a twelve month high of $258.75. The stock has a market cap of $66.37 billion, a P/E ratio of 31.90, a P/E/G ratio of 3.67 and a beta of 0.54. The stock has a 50 day moving average of $213.20 and a 200 day moving average of $227.05. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $1.81 EPS. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s payout ratio is presently 37.20%.

Insider Activity

In other news, Director Katharine Weymouth bought 478 shares of the stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the purchase, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. The trade was a 9.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Republic Services in a research note on Monday, November 24th. They set a “buy” rating and a $255.00 price objective for the company. Jefferies Financial Group set a $248.00 price target on Republic Services and gave the company a “buy” rating in a research note on Monday, November 3rd. Wells Fargo & Company started coverage on Republic Services in a report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective on the stock. Stifel Nicolaus decreased their target price on Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Citigroup cut their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.64.

Republic Services 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.