Republic Services, Inc. (NYSE:RSG) Shares Bought by PFG Investments LLC

PFG Investments LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 3,730 shares of the business services provider’s stock after purchasing an additional 152 shares during the period. PFG Investments LLC’s holdings in Republic Services were worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSG. Public Sector Pension Investment Board raised its holdings in Republic Services by 130.0% during the second quarter. Public Sector Pension Investment Board now owns 5,761 shares of the business services provider’s stock worth $1,120,000 after purchasing an additional 3,256 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Republic Services during the second quarter worth approximately $4,625,000. Creative Planning grew its position in shares of Republic Services by 9.2% during the second quarter. Creative Planning now owns 29,087 shares of the business services provider’s stock worth $5,653,000 after acquiring an additional 2,452 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Republic Services by 52.3% during the second quarter. NewEdge Advisors LLC now owns 25,771 shares of the business services provider’s stock worth $5,008,000 after acquiring an additional 8,845 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Republic Services by 158.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 31,171 shares of the business services provider’s stock worth $6,058,000 after acquiring an additional 19,113 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Up 0.2 %

NYSE:RSG opened at $216.06 on Wednesday. The company has a market capitalization of $67.66 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 52-week low of $169.83 and a 52-week high of $220.58. The stock has a fifty day simple moving average of $209.58 and a 200-day simple moving average of $205.34.

Republic Services (NYSE:RSG) last released its quarterly 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 business had revenue of $4.08 billion during 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 business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.54 EPS. On average, equities research analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. CIBC raised their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Morgan Stanley lifted their price objective on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, William Blair initiated coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $222.24.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were 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 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 disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

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.