Mitsubishi UFJ Trust & Banking Corp Purchases 4,479 Shares of Republic Services, Inc. $RSG

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Republic Services, Inc. (NYSE:RSG) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 237,405 shares of the business services provider’s stock after purchasing an additional 4,479 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Republic Services worth $58,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RSG. Ignite Planners LLC raised its stake in shares of Republic Services by 2.8% in the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock worth $376,000 after acquiring an additional 43 shares during the last quarter. Gries Financial LLC boosted its position in Republic Services by 3.8% in the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock valued at $308,000 after buying an additional 46 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Republic Services by 17.8% during the second quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock worth $75,000 after acquiring an additional 46 shares during the last quarter. Hemington Wealth Management boosted its holdings in Republic Services by 6.2% in the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock valued at $195,000 after acquiring an additional 47 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in Republic Services by 2.1% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider’s stock worth $589,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Republic Services in a research note on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target for the company. National Bankshares dropped their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $240.00 price target on shares of Republic Services in a research report on Friday, October 31st. Finally, Scotiabank lowered their price target on Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.52.

Republic Services Trading Down 0.9%

Shares of Republic Services stock opened at $205.36 on Thursday. The company has a market capitalization of $63.57 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 3.40 and a beta of 0.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The business has a fifty day simple moving average of $221.19 and a two-hundred day simple moving average of $235.63. Republic Services, Inc. has a 1 year low of $199.43 and a 1 year high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, October 30th. 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 12.97% and a return on equity of 18.27%. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the firm earned $1.81 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

Insider Activity

In related news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the sale, the executive vice president owned 4,060 shares of the company’s stock, valued at $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the transaction, the insider directly owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.11% of the company’s stock.

Republic Services Company Profile

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.