Republic Services, Inc. (NYSE:RSG) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 215,792 shares of the business services provider's stock after buying an additional 11,065 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Republic Services worth $35,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of RSG. Fifth Third Bancorp boosted its position in Republic Services by 0.8% during the 3rd quarter. Fifth Third Bancorp now owns 47,061 shares of the business services provider's stock valued at $6,707,000 after buying an additional 369 shares during the period. Allworth Financial LP grew its position in shares of Republic Services by 42.4% during the third quarter. Allworth Financial LP now owns 517 shares of the business services provider's stock worth $74,000 after purchasing an additional 154 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Republic Services by 4.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 132,422 shares of the business services provider's stock worth $18,871,000 after acquiring an additional 5,810 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in shares of Republic Services by 7.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 10,695 shares of the business services provider's stock worth $1,524,000 after purchasing an additional 700 shares during the period. Finally, Csenge Advisory Group bought a new position in shares of Republic Services during the third quarter valued at approximately $709,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Buying and Selling

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares of the company's stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now directly owns 6,831 shares of the company's stock, valued at $1,270,702.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ark Jon Vander sold 5,446 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Price Performance

Republic Services stock traded up $0.73 during mid-day trading on Thursday, reaching $187.70. 907,682 shares of the company were exchanged, compared to its average volume of 1,228,570. The company has a fifty day simple moving average of $188.57 and a 200-day simple moving average of $174.46. The firm has a market cap of $59.11 billion, a PE ratio of 32.91, a PEG ratio of 3.03 and a beta of 0.67. Republic Services, Inc. has a 12 month low of $140.07 and a 12 month high of $196.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company posted $1.24 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, July 2nd. Republic Services's payout ratio is 37.54%.

Wall Street Analyst Weigh In

Several research firms recently commented on RSG. The Goldman Sachs Group raised their target price on Republic Services from $209.00 to $230.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Citigroup increased their price target on shares of Republic Services from $190.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Oppenheimer upped their price target on Republic Services from $202.00 to $204.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. BMO Capital Markets increased their target price on shares of Republic Services from $173.00 to $195.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company lifted their target price on Republic Services from $180.00 to $188.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $201.00.

About Republic Services

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.