Republic Services, Inc. $RSG Shares Purchased by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has increased its position in Republic Services, Inc. by 5.9%, now owning 43,428 shares valued at approximately $10.71 million.
• Republic Services recently reported earnings of $1.77 per share, exceeding analyst estimates, and set its FY 2025 guidance at 6.820-6.900 EPS.
• The company announced a quarterly dividend increase to $0.625 per share, with an ex-dividend date on October 2nd, representing a 1.1% yield.

Baader Bank Aktiengesellschaft boosted its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,428 shares of the business services provider's stock after purchasing an additional 2,410 shares during the period. Republic Services makes up about 0.8% of Baader Bank Aktiengesellschaft's portfolio, making the stock its 23rd biggest position. Baader Bank Aktiengesellschaft's holdings in Republic Services were worth $10,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in 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 acquiring an additional 106 shares during the last quarter. TCTC Holdings LLC lifted its stake 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 purchasing an additional 66 shares during the period. Key Financial Inc boosted its holdings in Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after buying an additional 99 shares in the last quarter. Elequin Capital LP purchased a new stake in Republic Services during the first quarter worth $30,000. Finally, Cheviot Value Management LLC purchased a new stake in Republic Services during the first quarter worth $49,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the business's stock in a transaction 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 directly owned 4,060 shares in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired 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 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. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Republic Services from $280.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Oppenheimer increased their target price 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 cut shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Raymond James Financial increased their target price on shares of Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $260.58.

Republic Services Stock Up 0.1%

RSG stock traded up $0.19 during midday trading on Friday, reaching $226.90. 1,968,166 shares of the company were exchanged, compared to its average volume of 1,007,804. The stock's 50-day simple moving average is $234.54 and its 200 day simple moving average is $240.61. The company has a market cap of $70.84 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 3.54 and a beta of 0.59. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. 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 (NYSE:RSG - Get Free Report) last announced its earnings results 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. The business had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The business 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 dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.58. Republic Services's payout ratio is presently 34.32%.

About Republic Services

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.