Nissay Asset Management Corp Japan ADV Has $90.37 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Nissay Asset Management Corp Japan ADV reduced its stake in shares of Republic Services, Inc. (NYSE:RSG) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 445,410 shares of the business services provider’s stock after selling 95,751 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Republic Services were worth $90,365,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. grew its position in shares of Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 48 shares in the last quarter. FORA Capital LLC increased its position in shares of Republic Services by 0.7% during the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock valued at $1,541,000 after buying an additional 50 shares during the period. Access Financial Services Inc. increased its position in shares of Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock valued at $1,243,000 after buying an additional 51 shares during the period. Tower Wealth Partners Inc. increased its position in shares of Republic Services by 3.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock valued at $341,000 after buying an additional 54 shares during the period. Finally, Umpqua Bank lifted its stake in Republic Services by 3.2% in the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock worth $374,000 after purchasing an additional 56 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Insider Transactions at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RSG. Morgan Stanley increased their target price on shares of Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. Stifel Nicolaus increased their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. BMO Capital Markets increased their price target on shares of Republic Services from $260.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Seaport Res Ptn raised shares of Republic Services to a “strong-buy” rating in a report on Tuesday, May 6th. Finally, Scotiabank raised their price target on Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.00.

Republic Services Price Performance

Shares of Republic Services stock opened at $238.55 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The business’s 50 day simple moving average is $240.38 and its two-hundred day simple moving average is $223.22. The stock has a market capitalization of $74.55 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a one year low of $180.92 and a one year high of $253.54.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. Republic Services’s dividend payout ratio is currently 34.99%.

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.