Mitsubishi UFJ Trust & Banking Corp Has $52.25 Million Stake in Republic Services, Inc. $RSG

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 227,706 shares of the business services provider’s stock after selling 9,699 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Republic Services were worth $52,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Financial Consulate Inc. acquired a new stake in shares of Republic Services in the third quarter worth $25,000. NewSquare Capital LLC boosted its holdings in 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 acquiring an additional 50 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in shares of Republic Services in the second quarter worth about $33,000. Hilltop National Bank bought a new stake in Republic Services during the 2nd quarter valued at approximately $47,000. Finally, Tradewinds Capital Management LLC grew its holdings in Republic Services by 154.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 216 shares of the business services provider’s stock valued at $53,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.9%

Shares of NYSE RSG opened at $217.75 on Friday. The business has a fifty day moving average of $213.36 and a two-hundred day moving average of $222.72. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The stock has a market cap of $67.41 billion, a PE ratio of 32.40, a PEG ratio of 3.56 and a beta of 0.55.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.81 EPS. As a group, equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RSG has been the subject of several research analyst reports. The Goldman Sachs Group began coverage on shares of Republic Services in a research note on Monday, November 24th. They set a “buy” rating and a $255.00 target price for the company. Sanford C. Bernstein boosted their price target on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Citigroup decreased their price objective on Republic Services from $268.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Scotiabank reduced their target price on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, Robert W. Baird set a $240.00 price objective on shares of Republic Services in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services 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.