Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stock Position in Republic Services, Inc. (NYSE:RSG)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Republic Services, Inc. (NYSE:RSGGet Rating) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 136,906 shares of the business services provider’s stock after purchasing an additional 5,671 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Republic Services were worth $18,625,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC purchased a new stake in Republic Services during the 3rd quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Republic Services by 94.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 206 shares of the business services provider’s stock worth $28,000 after purchasing an additional 100 shares during the last quarter. Godsey & Gibb Associates bought a new stake in shares of Republic Services during the second quarter worth $29,000. Washington Trust Advisors Inc. bought a new stake in shares of Republic Services during the third quarter worth $35,000. Finally, Cambridge Trust Co. bought a new stake in shares of Republic Services in the second quarter valued at about $56,000. Institutional investors own 57.14% of the company’s stock.

Republic Services Stock Up 1.3 %

Republic Services stock opened at $124.89 on Monday. The stock’s 50 day moving average price is $132.34 and its 200 day moving average price is $135.83. The company has a market cap of $39.47 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 2.17 and a beta of 0.68. Republic Services, Inc. has a 1-year low of $113.57 and a 1-year high of $149.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.70 and a quick ratio of 0.70.

Republic Services (NYSE:RSGGet Rating) last released its quarterly earnings results on Thursday, October 27th. The business services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.13. Republic Services had a return on equity of 16.69% and a net margin of 11.24%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.53 billion. On average, sell-side analysts predict that Republic Services, Inc. will post 4.82 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Tuesday, January 3rd were given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Friday, December 30th. Republic Services’s dividend payout ratio (DPR) is presently 43.23%.

Analyst Ratings Changes

RSG has been the subject of a number of recent research reports. Raymond James reduced their target price on shares of Republic Services from $148.00 to $147.00 and set an “outperform” rating for the company in a report on Monday, October 31st. BMO Capital Markets downgraded Republic Services from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $152.00 to $148.00 in a report on Wednesday, December 7th. Royal Bank of Canada decreased their price target on Republic Services from $143.00 to $139.00 and set a “sector perform” rating for the company in a report on Friday, October 28th. Morgan Stanley reduced their target price on Republic Services from $150.00 to $144.00 and set an “overweight” rating for the company in a research note on Wednesday, January 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $165.00 target price on shares of Republic Services in a research note on Tuesday, October 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.88.

Republic Services Company Profile

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Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.

See Also

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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