Nomura Asset Management Co. Ltd. Sells 966 Shares of Republic Services, Inc. (NYSE:RSG)

Nomura Asset Management Co. Ltd. lessened its stake in Republic Services, Inc. (NYSE:RSG) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,667 shares of the business services provider’s stock after selling 966 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Republic Services were worth $14,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RSG. New Age Alpha Advisors LLC lifted its position in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after purchasing an additional 73 shares during the period. Norges Bank acquired a new position in Republic Services in the fourth quarter valued at $553,039,000. NEOS Investment Management LLC boosted its position in Republic Services by 29.8% during the fourth quarter. NEOS Investment Management LLC now owns 10,823 shares of the business services provider’s stock valued at $2,171,000 after acquiring an additional 2,486 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in Republic Services by 15.5% during the 4th quarter. UniSuper Management Pty Ltd now owns 17,445 shares of the business services provider’s stock worth $3,510,000 after acquiring an additional 2,339 shares during the period. Finally, Elo Mutual Pension Insurance Co grew its stake in Republic Services by 10.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 21,485 shares of the business services provider’s stock worth $4,322,000 after purchasing an additional 2,025 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of research reports. William Blair reiterated an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and increased their price target for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Argus set a $260.00 target price on Republic Services in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus lifted their price target on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Trading Down 0.6 %

Shares of Republic Services stock opened at $238.37 on Monday. The firm has a market cap of $74.44 billion, a PE ratio of 36.73, a P/E/G ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $241.09. 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 stock has a fifty day moving average price of $227.72 and a 200-day moving average price of $213.86.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.