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

Nomura Asset Management Co. Ltd. increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 17.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,223 shares of the business services provider’s stock after buying an additional 20,633 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Republic Services were worth $8,808,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its stake in Republic Services by 7.7% in the first quarter. Raymond James Trust N.A. now owns 5,024 shares of the business services provider’s stock worth $315,000 after buying an additional 360 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its position in shares of Republic Services by 0.8% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 419,621 shares of the business services provider’s stock worth $26,356,000 after buying an additional 3,265 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Republic Services by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 199,222 shares of the business services provider’s stock worth $12,513,000 after buying an additional 5,628 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Republic Services during the fourth quarter worth $427,000. Finally, Kentucky Retirement Systems acquired a new position in shares of Republic Services during the fourth quarter worth $957,000. 61.48% of the stock is currently owned by institutional investors and hedge funds.

Republic Services, Inc. (RSG) traded down 1.68% during trading on Friday, hitting $64.30. The stock had a trading volume of 1,601,140 shares. Republic Services, Inc. has a 1-year low of $49.18 and a 1-year high of $65.54. The firm has a 50 day moving average price of $64.35 and a 200-day moving average price of $62.15. The firm has a market capitalization of $21.65 billion, a PE ratio of 33.01 and a beta of 0.59.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the business earned $0.55 EPS. Republic Services’s revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Republic Services, Inc. will post $2.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, September 29th. Republic Services’s payout ratio is currently 65.64%.

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RSG has been the topic of a number of recent analyst reports. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, May 2nd. Credit Suisse Group set a $69.00 price target on Republic Services and gave the stock a “hold” rating in a research report on Saturday. BMO Capital Markets initiated coverage on Republic Services in a research report on Thursday, June 29th. They set an “outperform” rating and a $71.00 price target on the stock. Barclays PLC reissued a “neutral” rating on shares of Republic Services in a research report on Friday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $73.00 price target on shares of Republic Services in a research report on Wednesday, July 19th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $68.60.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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