AG2R LA Mondiale Gestion D Actifs 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 & Exchange Commission. The firm bought 9,390 shares of the business services provider's stock, valued at approximately $2,416,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position 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 purchasing an additional 106 shares during the period. Key Financial Inc boosted its position in shares of Republic Services by 380.8% in the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after acquiring an additional 99 shares during the period. TCTC Holdings LLC boosted its position in shares of Republic Services by 113.8% in the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock valued at $30,000 after acquiring an additional 66 shares during the period. Elequin Capital LP bought a new position in shares of Republic Services in the first quarter valued at approximately $30,000. Finally, Park Square Financial Group LLC bought a new position in shares of Republic Services in the fourth quarter valued at approximately $44,000. Institutional investors own 57.73% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on RSG. Oppenheimer raised their price objective 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. Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. raised their price objective 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. Melius started coverage on shares of Republic Services in a research report on Monday, June 9th. They set a "hold" rating for the company. Finally, BMO Capital Markets lifted their target price 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. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $262.17.
Get Our Latest Analysis on RSG
Insider Buying and Selling at Republic Services
In other news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the transaction, the executive vice president directly owned 4,060 shares in the company, valued at approximately $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 insiders.
Republic Services Price Performance
Shares of RSG stock traded down $0.21 during trading hours on Monday, hitting $228.27. 799,043 shares of the company's stock were exchanged, compared to its average volume of 955,002. The company has a market capitalization of $71.27 billion, a PE ratio of 33.77, a PEG ratio of 3.56 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 business's 50 day simple moving average is $235.65 and its 200-day simple moving average is $240.97. 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 posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the firm posted $1.61 earnings per share. 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. On average, equities research analysts anticipate 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. Investors of record on Thursday, October 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services's payout ratio is presently 34.32%.
Republic Services Company Profile
(
Free Report)
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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