Nissay Asset Management Corp Japan ADV Sells 95,751 Shares of Republic Services, Inc. (NYSE:RSG)

Nissay Asset Management Corp Japan ADV reduced its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 445,410 shares of the business services provider's stock after selling 95,751 shares during the quarter. Nissay Asset Management Corp Japan ADV owned approximately 0.14% of Republic Services worth $90,365,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI lifted its stake in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd acquired a new position in shares of Republic Services in the 4th quarter valued at $32,000. New Age Alpha Advisors LLC lifted its stake in shares of Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services in the 4th quarter valued at $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Republic Services in the 4th quarter valued at $48,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RSG has been the topic of several research reports. Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Raymond James reissued an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. William Blair restated an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Jefferies Financial Group upped their price target on Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Robert W. Baird upped their price target on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $249.00.

Insider Buying and Selling at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.11% of the company's stock.

Republic Services Stock Up 1.1%

NYSE RSG traded up $2.73 on Friday, reaching $247.69. The stock had a trading volume of 1,248,117 shares, compared to its average volume of 1,115,604. The business has a 50 day moving average price of $241.00 and a 200 day moving average price of $223.93. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $253.54. The company has a market capitalization of $77.40 billion, a price-to-earnings ratio of 38.17, a P/E/G ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. On average, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.94%. Republic Services's payout ratio is presently 34.99%.

Republic Services 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.