ASR Vermogensbeheer N.V. Has $7.01 Million Stock Holdings in Republic Services, Inc. $RSG

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in Republic Services, Inc. by 61.1% during the second quarter, acquiring a total of 28,413 shares valued at $7.01 million.
• Republic Services announced a quarterly dividend of $0.625, reflecting an increase from the previous dividend of $0.58, with an annualized yield of 1.1%.
• Analysts have a consensus target price of $260.58 for Republic Services, with two ratings as a Strong Buy, twelve as Buy, and nine as Hold.

ASR Vermogensbeheer N.V. boosted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 61.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,413 shares of the business services provider's stock after purchasing an additional 10,775 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Republic Services were worth $7,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RSG. Golden State Wealth Management LLC increased its holdings in Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after buying an additional 106 shares during the last quarter. Capital Management Associates Inc acquired a new position in shares of Republic Services during the 1st quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Republic Services by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock valued at $136,397,000 after purchasing an additional 4,110 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Republic Services in the 1st quarter valued at $260,000. Finally, GAMMA Investing LLC increased its position in Republic Services by 61.6% during the first quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock worth $2,226,000 after buying an additional 3,503 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RSG. Raymond James Financial boosted their price target on Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Scotiabank boosted their target price on Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Barclays initiated coverage on Republic Services in a report on Friday, September 19th. They set an "equal weight" rating and a $240.00 price target on the stock. UBS Group set a $260.00 price objective on shares of Republic Services and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Citigroup lowered their target price on shares of Republic Services from $280.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Two investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $260.58.

Republic Services Price Performance

NYSE:RSG opened at $222.50 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The company has a fifty day moving average price of $231.87 and a 200 day moving average price of $240.27. The stock has a market cap of $69.47 billion, a P/E ratio of 32.91, a PEG ratio of 3.54 and a beta of 0.59.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion for 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%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. 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 disclosed 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. 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 an increase from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio is 36.98%.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider 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 position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company's stock.

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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