Asset Management One Co. Ltd. Sells 273 Shares of Republic Services, Inc. (NYSE:RSG)

Asset Management One Co. Ltd. decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 0.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 106,266 shares of the business services provider’s stock after selling 273 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Republic Services were worth $21,559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSG. FSA Wealth Management LLC acquired a new stake in Republic Services during the 3rd quarter valued at $25,000. R Squared Ltd acquired a new stake in shares of Republic Services during the 4th quarter worth about $32,000. Truvestments Capital LLC bought a new stake in shares of Republic Services during the 3rd quarter worth about $34,000. Ashton Thomas Securities LLC acquired a new position in Republic Services in the 3rd quarter valued at about $39,000. Finally, Kieckhefer Group LLC bought a new position in Republic Services in the 4th quarter valued at about $50,000. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RSG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and upped their target price for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Oppenheimer increased their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Morgan Stanley lifted their price objective on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, CIBC increased their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.38.

Republic Services Stock Performance

Republic Services stock opened at $230.98 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $72.33 billion, a PE ratio of 36.96, a P/E/G ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a 12-month low of $177.03 and a 12-month high of $232.52. The business’s 50-day moving average price is $210.94 and its two-hundred day moving average price is $207.33.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company earned $1.41 EPS. As a group, analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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 issued a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. Republic Services’s payout ratio is presently 37.12%.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.