Mitsubishi UFJ Asset Management Co. Ltd. Has $67.44 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 335,439 shares of the business services provider’s stock after buying an additional 22,760 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Republic Services were worth $67,437,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. FSA Wealth Management LLC bought a new stake in shares of Republic Services in the third quarter worth $25,000. Arcadia Investment Management Corp MI lifted its holdings in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after buying an additional 88 shares during the period. R Squared Ltd bought a new stake in shares of Republic Services in the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR bought a new position in shares of Republic Services during the fourth quarter worth about $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Republic Services in the fourth quarter worth approximately $48,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of recent analyst reports. CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price for the company in a research report on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Stifel Nicolaus lifted their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group upped their target price on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Five 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $236.88.

Republic Services Trading Down 0.6 %

NYSE:RSG opened at $238.37 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a one year low of $180.92 and a one year high of $241.09. The company has a market cap of $74.44 billion, a PE ratio of 36.73, a PEG ratio of 3.64 and a beta of 0.73. The firm has a 50-day moving average of $227.72 and a 200-day moving average of $213.75.

Republic Services (NYSE:RSG) last issued 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. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the prior year, the business posted $1.41 earnings per share. As a group, equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

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

Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s 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 sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Republic Services 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.