Pacer Advisors Inc. Has $5.50 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Pacer Advisors Inc. trimmed its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 31.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,318 shares of the business services provider's stock after selling 12,296 shares during the period. Pacer Advisors Inc.'s holdings in Republic Services were worth $5,496,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RSG. Wellington Management Group LLP increased its position in shares of Republic Services by 23.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider's stock worth $1,205,883,000 after purchasing an additional 1,131,850 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Republic Services by 1.7% in the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider's stock valued at $903,316,000 after acquiring an additional 73,207 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Republic Services by 19.4% in the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock worth $626,553,000 after acquiring an additional 509,116 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Republic Services by 2.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider's stock valued at $506,265,000 after purchasing an additional 57,040 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Republic Services by 437.9% in the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider's stock valued at $364,449,000 after purchasing an additional 1,477,255 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

NYSE:RSG traded up $6.24 during mid-day trading on Thursday, hitting $218.55. The stock had a trading volume of 863,183 shares, compared to its average volume of 1,013,670. Republic Services, Inc. has a twelve month low of $169.83 and a twelve month high of $220.58. The stock has a market cap of $68.44 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 3.07 and a beta of 0.73. The company's 50 day simple moving average is $209.68 and its 200 day simple moving average is $205.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. On average, equities research analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company's stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction 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 directly owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of research reports. William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an "outperform" rating for the company. Morgan Stanley boosted their target price on shares of Republic Services from $217.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. 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. Royal Bank of Canada upgraded Republic Services from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Finally, Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.24.

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.