Mitsubishi UFJ Trust & Banking Corp raised its position in Republic Services, Inc. (NYSE:RSG) by 11.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 802,112 shares of the business services provider’s stock after buying an additional 80,055 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.24% of Republic Services worth $51,119,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of RSG. MUFG Americas Holdings Corp raised its stake in shares of Republic Services by 0.4% in the second quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock worth $317,000 after buying an additional 20 shares in the last quarter. Blue Chip Partners Inc. raised its stake in shares of Republic Services by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock worth $304,000 after buying an additional 25 shares in the last quarter. Pinnacle Financial Partners Inc. raised its stake in shares of Republic Services by 1.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock worth $210,000 after buying an additional 60 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Republic Services by 0.3% in the first quarter. Blair William & Co. IL now owns 26,078 shares of the business services provider’s stock worth $1,617,000 after buying an additional 70 shares in the last quarter. Finally, Ffcm LLC raised its stake in shares of Republic Services by 1.2% in the first quarter. Ffcm LLC now owns 8,274 shares of the business services provider’s stock worth $520,000 after buying an additional 99 shares in the last quarter. 60.58% of the stock is owned by institutional investors.

Shares of Republic Services, Inc. (NYSE:RSG) opened at 64.39 on Tuesday. Republic Services, Inc. has a 12 month low of $49.18 and a 12 month high of $65.54. The company’s 50 day moving average price is $64.50 and its 200 day moving average price is $63.13. The company has a market cap of $21.68 billion, a price-to-earnings ratio of 33.05 and a beta of 0.58.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post $2.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.345 per share. The ex-dividend date is Friday, September 29th. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.14%. Republic Services’s dividend payout ratio (DPR) is 65.64%.

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A number of brokerages recently weighed in on RSG. Zacks Investment Research lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub lowered Republic Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. KeyCorp restated a “hold” rating on shares of Republic Services in a research report on Thursday, August 24th. BMO Capital Markets boosted their price objective on Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Republic Services in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $71.88.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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