Republic Services, Inc. $RSG Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 406,266 shares of the business services provider’s stock after purchasing an additional 23,057 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.13% of Republic Services worth $100,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Republic Services in the first quarter valued at about $211,000. Alps Advisors Inc. acquired a new stake in Republic Services during the 1st quarter valued at approximately $368,000. Cerity Partners LLC raised its position in shares of Republic Services by 23.6% in the 1st quarter. Cerity Partners LLC now owns 36,383 shares of the business services provider’s stock valued at $8,810,000 after purchasing an additional 6,952 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in shares of Republic Services by 58.3% during the 1st quarter. Fidelis Capital Partners LLC now owns 2,500 shares of the business services provider’s stock valued at $609,000 after buying an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Jefferies Financial Group set a $248.00 price target on shares of Republic Services and gave the company a “buy” rating in a report on Monday, November 3rd. Robert W. Baird set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. BMO Capital Markets lifted their price target on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. National Bankshares cut their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. Finally, Oppenheimer set a $256.00 target price on Republic Services in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $253.85.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $205.60 on Friday. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a fifty day moving average price of $222.86 and a 200 day moving average price of $236.39. The company has a market cap of $63.65 billion, a P/E ratio of 30.41, a PEG ratio of 3.40 and a beta of 0.57.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 37.20%.

About Republic Services

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.