Pacer Advisors Inc. Acquires 5,334 Shares of Republic Services, Inc. (NYSE:RSG)

Pacer Advisors Inc. grew its holdings in Republic Services, Inc. (NYSE:RSG) by 15.6% in the 3rd quarter, Holdings Channel reports. The fund owned 39,614 shares of the business services provider’s stock after purchasing an additional 5,334 shares during the quarter. Pacer Advisors Inc.’s holdings in Republic Services were worth $7,956,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RSG. Wolff Wiese Magana LLC lifted its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Republic Services in the 1st quarter worth $29,000. Webster Bank N. A. bought a new position in Republic Services during the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services in the 2nd quarter valued at about $36,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Republic Services during the third quarter worth about $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on RSG shares. William Blair began coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Royal Bank of Canada increased their target price on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. CIBC lifted their price target on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their price objective on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Oppenheimer increased their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Stock Up 1.3 %

NYSE RSG opened at $216.79 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a market cap of $67.89 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 3.27 and a beta of 0.70. The company has a 50 day moving average of $204.56 and a 200-day moving average of $198.93. Republic Services, Inc. has a 1-year low of $159.10 and a 1-year high of $216.86.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 EPS. On average, equities research analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is presently 37.12%.

Insider Transactions at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Republic Services 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.