Pacer Advisors Inc. Sells 12,296 Shares of Republic Services, Inc. (NYSE:RSG)

Pacer Advisors Inc. lowered its holdings in Republic Services, Inc. (NYSE:RSG) by 31.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 27,318 shares of the business services provider’s stock after selling 12,296 shares during the quarter. Pacer Advisors Inc.’s holdings in Republic Services were worth $5,496,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. FSA Wealth Management LLC purchased a new stake in Republic Services in the third quarter worth $25,000. Wolff Wiese Magana LLC lifted its position in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. Webster Bank N. A. bought a new stake in shares of Republic Services during the 3rd quarter valued at about $31,000. Truvestments Capital LLC bought a new position in Republic Services in the third quarter worth about $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Republic Services in the third quarter worth about $39,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the subject of several research reports. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. CIBC raised their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Scotiabank initiated coverage on shares of Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. William Blair started coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Morgan Stanley raised their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. 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 has an average rating of “Moderate Buy” and a consensus target price of $222.24.

Republic Services Price Performance

NYSE RSG opened at $212.42 on Thursday. Republic Services, Inc. has a one year low of $169.83 and a one year high of $220.58. The stock has a 50-day moving average of $209.68 and a 200 day moving average of $205.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $66.52 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 3.07 and a beta of 0.73.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the business posted $1.54 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current year.

About Republic Services

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.