Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Republic Services, Inc. $RSG

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Republic Services, Inc. (NYSE:RSG) by 3.2% in the third quarter, Holdings Channel reports. The firm owned 419,387 shares of the business services provider’s stock after buying an additional 13,121 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Republic Services were worth $96,241,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in Republic Services during the 3rd quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. NewSquare Capital LLC boosted its stake in shares of Republic Services by 68.5% during the second 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 purchased a new position in Republic Services during the second quarter valued at approximately $33,000. Finally, Westside Investment Management Inc. raised its stake in Republic Services by 100.0% in the third quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after buying an additional 86 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Katharine Weymouth purchased 478 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

RSG opened at $228.85 on Friday. The company has a market cap of $70.67 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 3.71 and a beta of 0.54. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The firm’s 50-day moving average price is $216.26 and its 200-day moving average price is $219.59. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.14. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. Republic Services’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be paid a $0.625 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is 36.50%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RSG shares. Robert W. Baird set a $240.00 price target on Republic Services in a report on Friday, October 31st. Oppenheimer cut their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Citigroup increased their price target on shares of Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research report on Monday. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Republic Services in a research report on Friday, October 31st. Finally, Jefferies Financial Group set a $248.00 target price on shares of Republic Services and gave the company a “buy” rating in a research report on Monday, November 3rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.62.

Republic Services Company Profile

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.