AAFMAA Wealth Management & Trust LLC Has $1.48 Million Stock Position in Republic Services, Inc. $RSG

Key Points

• AAFMAA Wealth Management & Trust LLC reduced its stake in Republic Services, Inc. by 23.9%, owning 6,015 shares valued at approximately $1.48 million as of the latest SEC filing.
• Republic Services recently announced an increase in its quarterly dividend to $0.625, an increase from the previous dividend of $0.58, reflecting a commitment to returning value to shareholders.
• The company reported earnings per share of $1.77 for the last quarter, slightly surpassing analyst estimates, and anticipates 6.820-6.900 EPS for FY 2025.

AAFMAA Wealth Management & Trust LLC trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 23.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,015 shares of the business services provider's stock after selling 1,894 shares during the period. AAFMAA Wealth Management & Trust LLC's holdings in Republic Services were worth $1,483,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after acquiring an additional 106 shares in the last quarter. Cranbrook Wealth Management LLC grew its stake in shares of Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider's stock valued at $29,000 after buying an additional 110 shares during the period. Key Financial Inc increased its position in 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. TCTC Holdings LLC raised its stake in Republic Services by 113.8% during the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock worth $30,000 after buying an additional 66 shares during the period. Finally, Elequin Capital LP bought a new position in Republic Services in the first quarter worth approximately $30,000. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Performance

Shares of RSG opened at $227.06 on Friday. The stock has a 50 day moving average of $233.35 and a 200 day moving average of $240.43. The company has a market capitalization of $70.89 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 3.55 and a beta of 0.59. 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.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the firm posted $1.61 EPS. The business's 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. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

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

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was purchased 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 $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the sale, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of research reports. UBS Group set a $260.00 target price on Republic Services and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Scotiabank raised their price objective on shares of Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Raymond James Financial boosted their target price on shares of Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Oppenheimer raised 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. Finally, Citigroup decreased their price objective on Republic Services from $280.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.58.

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.

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