Aberdeen Group plc Buys 68,477 Shares of Republic Services, Inc. $RSG

Key Points

• Aberdeen Group plc significantly increased its stake in Republic Services Inc. by 145.3% in the first quarter, acquiring an additional 68,477 shares, bringing its total holdings to 115,598 shares.
• Republic Services recently announced a quarterly dividend increase to $0.625 per share, scheduled for payment on October 15th, reflecting a boost from the previous dividend of $0.58.
• Wall Street analysts have a positive outlook for Republic Services, with a consensus rating of "Moderate Buy" and a target price of $262.17, including upgrades from multiple firms.

Aberdeen Group plc raised its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 145.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,598 shares of the business services provider's stock after buying an additional 68,477 shares during the period. Aberdeen Group plc's holdings in Republic Services were worth $27,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Horizon Investments LLC lifted its stake in shares of Republic Services by 3.7% in the first quarter. Horizon Investments LLC now owns 3,747 shares of the business services provider's stock valued at $905,000 after buying an additional 132 shares in the last quarter. Trivium Point Advisory LLC lifted its stake in shares of Republic Services by 0.8% in the first quarter. Trivium Point Advisory LLC now owns 9,043 shares of the business services provider's stock valued at $2,190,000 after buying an additional 71 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Republic Services by 81.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 6,347 shares of the business services provider's stock valued at $1,537,000 after buying an additional 2,843 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Republic Services during the first quarter valued at about $245,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Republic Services by 52.6% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 114,574 shares of the business services provider's stock valued at $27,745,000 after purchasing an additional 39,500 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

Shares of RSG traded down $0.7080 during trading hours on Thursday, hitting $235.4020. The company's stock had a trading volume of 679,859 shares, compared to its average volume of 1,290,993. The company has a market cap of $73.50 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 3.66 and a beta of 0.60. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50 day simple moving average of $240.78 and a two-hundred day simple moving average of $240.19. Republic Services, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 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 analyst estimates of $4.26 billion. During the same period last year, the business earned $1.61 earnings per share. Republic Services'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. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed 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 represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Republic Services's previous quarterly dividend of $0.58. The ex-dividend date is Thursday, October 2nd. Republic Services's dividend payout ratio (DPR) is 34.32%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RSG shares. JPMorgan Chase & Co. raised 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. Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. BMO Capital Markets raised their price target on shares of Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley raised their price target on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Finally, Oppenheimer raised their price objective 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. Two investment 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 company. According to data from MarketBeat.com, Republic Services has a consensus rating of "Moderate Buy" and a consensus target price of $262.17.

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.