Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Stake in Republic Services, Inc. $RSG

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Republic Services, Inc. (NYSE:RSGFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 493,472 shares of the business services provider’s stock, valued at approximately $105,149,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Republic Services as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC bought a new stake in shares of Republic Services during the 2nd quarter valued at about $256,000. OneDigital Investment Advisors LLC purchased a new stake in Republic Services in the second quarter valued at approximately $695,000. Bell Investment Advisors Inc purchased a new stake in Republic Services in the second quarter valued at approximately $25,000. Roman Butler Fullerton & Co. bought a new stake in Republic Services during the second quarter valued at approximately $936,000. Finally, Simplicity Wealth LLC purchased a new position in Republic Services in the 2nd quarter worth approximately $923,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the sale, the director owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the purchase, the insider owned 111,065,646 shares of the company’s stock, valued at approximately $23,866,896,668.94. This trade represents a 0.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 1,220,674 shares of company stock worth $263,117,588 over the last ninety days. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RSG shares. UBS Group raised their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Barclays upped their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Citigroup lifted their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Check Out Our Latest Analysis on Republic Services

Republic Services Price Performance

Shares of NYSE:RSG opened at $217.17 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock has a market cap of $66.50 billion, a PE ratio of 30.76, a PEG ratio of 3.51 and a beta of 0.40. The company’s fifty day moving average is $214.36 and its 200 day moving average is $214.94. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $238.62.

Republic Services (NYSE:RSGGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is 35.41%.

About Republic Services

(Free Report)

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.

Further Reading

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

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