Republic Services, Inc. $RSG Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 227,706 shares of the business services provider’s stock after selling 9,699 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Republic Services worth $52,254,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Financial Consulate Inc. bought a new stake in shares of Republic Services during the 3rd quarter worth about $25,000. NewSquare Capital LLC boosted its stake in Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Republic Services in the 2nd quarter worth $33,000. Hilltop National Bank acquired a new stake in shares of Republic Services in the second quarter valued at $47,000. Finally, Tradewinds Capital Management LLC grew its holdings in Republic Services by 154.1% during the second quarter. Tradewinds Capital Management LLC now owns 216 shares of the business services provider’s stock worth $53,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Scotiabank decreased their price target on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced their target price on Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Oppenheimer cut their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.82.

Republic Services Trading Up 0.9%

NYSE:RSG opened at $217.75 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $67.41 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.55. The stock’s 50-day moving average is $213.36 and its two-hundred day moving average is $222.72. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the business earned $1.81 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Katharine Weymouth purchased 478 shares of Republic Services stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the acquisition, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.