Nomura Holdings Inc. Takes Position in Republic Services, Inc. (NYSE:RSG)

Nomura Holdings Inc. purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,114 shares of the business services provider’s stock, valued at approximately $678,000.

A number of other institutional investors also recently bought and sold shares of RSG. Raleigh Capital Management Inc. lifted its holdings in shares of Republic Services by 19.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock worth $59,000 after acquiring an additional 59 shares during the last quarter. Scotia Capital Inc. grew its stake in shares of Republic Services by 2.4% during the fourth quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock valued at $447,000 after buying an additional 64 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Republic Services by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after buying an additional 66 shares during the period. Parcion Private Wealth LLC lifted its stake in shares of Republic Services by 0.3% during the 4th quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after acquiring an additional 68 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its position in Republic Services by 4.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 70 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Katharine Weymouth bought 540 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now directly owns 540 shares in the company, valued at $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Republic Services Price Performance

RSG opened at $191.83 on Friday. The firm has a market capitalization of $60.41 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.22 and a beta of 0.68. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. The business’s 50-day moving average is $188.06 and its two-hundred day moving average is $179.78. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $196.76.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. Research analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is currently 37.54%.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley downgraded shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Republic Services in a research note on Thursday, May 23rd. They set a “hold” rating and a $203.00 price target for the company. Scotiabank increased their price objective on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets lifted their target price on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.14.

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.