Asset Management One Co. Ltd. cut its position in Republic Services, Inc. (NYSE:RSG) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 644,731 shares of the business services provider’s stock after selling 25,037 shares during the period. Asset Management One Co. Ltd. owned 0.19% of Republic Services worth $42,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Janus Henderson Group PLC grew its position in shares of Republic Services by 13,584.4% in the 2nd quarter. Janus Henderson Group PLC now owns 3,744,875 shares of the business services provider’s stock valued at $238,663,000 after buying an additional 3,717,509 shares during the last quarter. BlackRock Inc. grew its position in shares of Republic Services by 6.4% in the 2nd quarter. BlackRock Inc. now owns 20,282,248 shares of the business services provider’s stock valued at $1,292,589,000 after buying an additional 1,223,613 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Republic Services by 89.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,653,800 shares of the business services provider’s stock valued at $105,397,000 after buying an additional 778,800 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Republic Services by 39.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,592,679 shares of the business services provider’s stock valued at $101,501,000 after buying an additional 452,390 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Republic Services by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 19,214,975 shares of the business services provider’s stock valued at $1,224,571,000 after buying an additional 418,797 shares during the last quarter. 60.01% of the stock is currently owned by institutional investors.

In other Republic Services news, EVP Jeffrey A. Hughes sold 6,329 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total transaction of $420,878.50. Following the transaction, the executive vice president now directly owns 428 shares of the company’s stock, valued at approximately $28,462. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald W. Slager sold 98,132 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total transaction of $6,299,093.08. Following the transaction, the chief executive officer now directly owns 322,541 shares in the company, valued at $20,703,906.79. The disclosure for this sale can be found here. Insiders have sold a total of 173,740 shares of company stock worth $11,228,959 over the last three months. 0.40% of the stock is currently owned by insiders.

A number of research firms recently commented on RSG. BMO Capital Markets dropped their target price on shares of Republic Services from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Credit Suisse Group dropped their target price on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Bank of America dropped their target price on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Finally, Stifel Nicolaus downgraded shares of Republic Services from a “buy” rating to a “hold” rating and dropped their target price for the company from $76.00 to $70.00 in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $67.71.

Shares of Republic Services, Inc. (RSG) traded down $0.10 during trading on Friday, reaching $65.14. 1,070,000 shares of the company’s stock traded hands, compared to its average volume of 1,140,275. Republic Services, Inc. has a 52 week low of $56.01 and a 52 week high of $67.18. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.54 and a quick ratio of 0.51. The stock has a market cap of $21,804.81, a P/E ratio of 27.18, a P/E/G ratio of 3.21 and a beta of 0.60.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.04. Republic Services had a net margin of 8.15% and a return on equity of 10.58%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the firm posted $0.62 EPS. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts anticipate that Republic Services, Inc. will post 2.4 earnings per share for the current year.

Republic Services announced that its board has approved a stock buyback program on Thursday, November 2nd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, December 29th. Republic Services’s payout ratio is currently 58.47%.

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Republic Services Profile

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.

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

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