Asset Management One Co. Ltd. Has $21.56 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Asset Management One Co. Ltd. trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,266 shares of the business services provider’s stock after selling 273 shares during the period. Asset Management One Co. Ltd.’s holdings in Republic Services were worth $21,559,000 at the end of the most recent reporting period.

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

Republic Services Price Performance

Shares of NYSE RSG opened at $230.98 on Friday. The company has a fifty day moving average price of $210.94 and a 200 day moving average price of $207.33. Republic Services, Inc. has a 1-year low of $177.03 and a 1-year high of $232.52. The firm has a market cap of $72.33 billion, a PE ratio of 36.96, a PEG ratio of 3.24 and a beta of 0.74. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm earned $1.41 EPS. Research analysts predict that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is 37.12%.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RSG shares. Morgan Stanley lifted their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of 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. CIBC lifted their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Oppenheimer increased their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $225.38.

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.