Tokio Marine Asset Management Co. Ltd. Has $1.24 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 9.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,155 shares of the business services provider’s stock after buying an additional 534 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Republic Services were worth $1,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSG. Vanguard Group Inc. raised its stake in shares of Republic Services by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after acquiring an additional 101,518 shares in the last quarter. Capital World Investors lifted its stake in shares of Republic Services by 20.5% in the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after buying an additional 1,346,588 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Republic Services by 2.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock worth $506,265,000 after buying an additional 57,040 shares during the period. Legal & General Group Plc raised its holdings in 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 during the period. Finally, TD Asset Management Inc boosted its holdings in Republic Services by 2.1% during the second quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock valued at $341,602,000 after acquiring an additional 35,650 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BMO Capital Markets lifted their price objective on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. CIBC upped their price target on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus raised their price objective on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Raymond James reduced their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $208.03 on Friday. The stock has a market capitalization of $65.15 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 3.28 and a beta of 0.70. The business’s fifty day moving average price is $203.74 and its two-hundred day moving average price is $197.87. Republic Services, Inc. has a fifty-two week low of $157.46 and a fifty-two week high of $216.18. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.54 EPS. As a group, analysts predict that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

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.