4D Advisors LLC Acquires New Holdings in Republic Services, Inc. $RSG

Key Points

• 4D Advisors LLC has made a new investment of approximately $7.27 million in Republic Services, acquiring 30,000 shares which represents 5.6% of its total holdings.
• Republic Services recently declared a quarterly dividend of $0.625 per share, marking an increase from the previous dividend of $0.58, with a dividend yield of 1.1%.
• Analysts have a generally positive outlook on Republic Services, with two analysts rating it as a Strong Buy and an average price target of $262.17.

4D Advisors LLC bought a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,000 shares of the business services provider's stock, valued at approximately $7,265,000. Republic Services makes up 5.6% of 4D Advisors LLC's holdings, making the stock its 3rd largest position.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after buying an additional 106 shares in the last quarter. TCTC Holdings LLC boosted its holdings in shares of Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock valued at $30,000 after buying an additional 66 shares in the last quarter. Key Financial Inc boosted its holdings in shares of Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after buying an additional 99 shares in the last quarter. Elequin Capital LP purchased a new stake in Republic Services in the 1st quarter valued at $30,000. Finally, Cheviot Value Management LLC purchased a new stake in Republic Services in the 1st quarter valued at $49,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Melius Research upgraded shares of Republic Services to a "hold" rating and set a $281.00 price target for the company in a research report on Monday, June 9th. JPMorgan Chase & Co. upped their price target on shares of Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Oppenheimer upped their price target on shares of Republic Services from $262.00 to $268.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Finally, UBS Group set a $260.00 price target on shares of Republic Services and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $262.17.

Insider Transactions at Republic Services

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

Republic Services Stock Performance

Republic Services stock traded down $4.38 during trading hours on Friday, reaching $229.47. 1,086,708 shares of the stock were exchanged, compared to its average volume of 938,245. The stock has a market cap of $71.65 billion, a P/E ratio of 33.95, a P/E/G ratio of 3.65 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. Republic Services, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75. The firm's 50 day moving average is $237.22 and its 200 day moving average is $240.98.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. Republic Services's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

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