Republic Services, Inc. (NYSE:RSG) Holdings Decreased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lowered its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 21.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,317 shares of the business services provider's stock after selling 22,729 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in Republic Services were worth $16,934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSG. International Assets Investment Management LLC boosted its holdings in Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider's stock valued at $108,183,000 after purchasing an additional 538,010 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Republic Services by 31.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 614,586 shares of the business services provider's stock worth $123,434,000 after acquiring an additional 147,799 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Republic Services by 1,946.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 136,279 shares of the business services provider's stock worth $26,484,000 after acquiring an additional 129,619 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Republic Services by 3,827.6% in the 2nd quarter. Clearbridge Investments LLC now owns 106,241 shares of the business services provider's stock worth $20,647,000 after acquiring an additional 103,536 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Republic Services by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider's stock worth $351,480,000 after acquiring an additional 92,013 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Transactions at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company's stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by insiders.

Republic Services Price Performance

Shares of RSG traded up $1.31 during midday trading on Tuesday, reaching $219.17. The stock had a trading volume of 323,658 shares, compared to its average volume of 1,119,033. Republic Services, Inc. has a 52 week low of $159.10 and a 52 week high of $219.79. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The firm's 50 day moving average price is $204.81 and its 200-day moving average price is $199.22. The company has a market capitalization of $68.63 billion, a P/E ratio of 34.85, a P/E/G ratio of 3.31 and a beta of 0.70.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's dividend payout ratio is presently 37.12%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RSG shares. TD Cowen lifted their target price on Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a research report on Monday, August 5th. CIBC lifted their target price on Republic Services from $208.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. William Blair began coverage on Republic Services in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Finally, StockNews.com lowered Republic Services from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and an average target price of $215.71.

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.