National Pension Service Has $174.09 Million Holdings in Republic Services, Inc. $RSG

National Pension Service grew its stake in Republic Services, Inc. (NYSE:RSG) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 758,644 shares of the business services provider’s stock after purchasing an additional 9,041 shares during the period. National Pension Service’s holdings in Republic Services were worth $174,094,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RSG. Norges Bank bought a new position in Republic Services during the second quarter valued at about $690,313,000. M&G PLC increased its position in shares of Republic Services by 113.0% during the second quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock valued at $287,670,000 after purchasing an additional 617,939 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Republic Services by 174.6% in the second quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock valued at $169,038,000 after purchasing an additional 435,816 shares in the last quarter. Invesco Ltd. lifted its position in Republic Services by 21.3% in the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Republic Services by 27.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,626,369 shares of the business services provider’s stock worth $401,082,000 after buying an additional 348,379 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.0%

Shares of RSG opened at $214.85 on Friday. The stock has a fifty day moving average price of $213.45 and a two-hundred day moving average price of $221.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.50 and a beta of 0.55. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last announced its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. Analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was bought at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the purchase, the director owned 5,740 shares in the company, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

RSG has been the subject of a number of recent research reports. Scotiabank dropped their price objective on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Wells Fargo & Company initiated coverage on shares of Republic Services in a research report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price target for the company. Barclays cut their price target on shares of Republic Services from $237.00 to $236.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 price objective on shares of Republic Services in a research note on Friday, October 31st. Finally, Stifel Nicolaus cut their target price on Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.82.

About Republic Services

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.