3,793 Shares in Republic Services, Inc. $RSG Bought by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH made a recent investment in Republic Services, purchasing 3,793 shares valued at approximately $919,000, which constitutes about 0.8% of its investment portfolio.
• Several major investors, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their stakes in Republic Services in the first quarter, reflecting growing confidence in the company's stock.
• Republic Services has recently increased its quarterly dividend to $0.625 per share, up from $0.58, indicating a positive outlook amid a 1.1% dividend yield.

Alamea Verwaltungs GmbH bought a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,793 shares of the business services provider's stock, valued at approximately $919,000. Republic Services makes up about 0.8% of Alamea Verwaltungs GmbH's investment portfolio, making the stock its 12th largest holding.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Republic Services by 0.9% in the first quarter. Vanguard Group Inc. now owns 18,761,276 shares of the business services provider's stock valued at $4,543,231,000 after acquiring an additional 170,548 shares in the last quarter. Wellington Management Group LLP boosted its stake in Republic Services by 0.7% in the first quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider's stock valued at $1,438,237,000 after acquiring an additional 42,019 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Republic Services by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider's stock valued at $1,292,050,000 after acquiring an additional 17,711 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Republic Services by 4.3% in the first quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider's stock valued at $695,541,000 after acquiring an additional 119,158 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Republic Services by 39,024.4% in the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock valued at $539,091,000 after buying an additional 2,220,487 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Activity at Republic Services

In other news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the sale, the executive vice president directly owned 4,060 shares in the company, valued at $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider directly owned 109,816,832 shares of the company's stock, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RSG has been the subject of a number of research reports. Wall Street Zen cut shares of Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Oppenheimer increased their price target on shares of Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. UBS Group set a $260.00 price target on shares of Republic Services and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Raymond James Financial increased their price target on shares of Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $262.17.

Republic Services Trading Up 0.5%

Shares of Republic Services stock opened at $234.23 on Friday. Republic Services, Inc. has a 12-month low of $197.60 and a 12-month high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a market cap of $73.13 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 3.65 and a beta of 0.60. The company has a 50-day moving average of $238.66 and a two-hundred day moving average of $240.93.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.26 billion. During the same period last year, the company posted $1.61 earnings per share. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a $0.625 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, October 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.32%.

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.

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