Norinchukin Bank The Has $1.47 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Norinchukin Bank The lowered its holdings in Republic Services, Inc. (NYSE:RSG) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,312 shares of the business services provider’s stock after selling 158 shares during the period. Norinchukin Bank The’s holdings in Republic Services were worth $1,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI grew its stake in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd acquired a new stake in Republic Services in the 4th quarter worth $32,000. New Age Alpha Advisors LLC increased its holdings in shares of Republic Services by 70.2% during 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. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services during the fourth quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Republic Services during the fourth quarter worth about $48,000. 57.73% of the stock is owned by institutional investors.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Republic Services Price Performance

RSG opened at $243.11 on Monday. 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 market capitalization of $75.92 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. The company’s 50 day simple moving average is $235.49 and its 200-day simple moving average is $218.29. Republic Services, Inc. has a one year low of $180.92 and a one year high of $249.73.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the firm earned $1.41 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.95%. Republic Services’s payout ratio is presently 35.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RSG shares. The Goldman Sachs Group lifted their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Raymond James reissued an “outperform” rating on shares of Republic Services in a research report on Wednesday. Scotiabank lifted their price objective on Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Morgan Stanley increased their target price on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada upgraded 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. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.13.

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.