Republic Services, Inc. $RSG Shares Sold by BDF Gestion

Key Points

• BDF Gestion has sold 1,936 shares of Republic Services, reducing its holdings by 9.8% in the second quarter, bringing its total to 17,761 shares valued at approximately $4.38 million.
• Republic Services reported a quarterly earnings per share (EPS) of $1.77, which exceeded analysts' expectations by $0.01, with revenue up 4.6% year-over-year.
• The company has announced a quarterly dividend increase to $0.625 per share, representing an annual yield of 1.1%, with the payment scheduled for October 15th.

BDF Gestion lowered its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,761 shares of the business services provider's stock after selling 1,936 shares during the period. BDF Gestion's holdings in Republic Services were worth $4,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RSG. Vanguard Group Inc. raised its stake in Republic Services by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 18,761,276 shares of the business services provider's stock worth $4,543,231,000 after acquiring an additional 170,548 shares during the period. Wellington Management Group LLP lifted its position in shares of Republic Services by 0.7% during the first quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider's stock worth $1,438,237,000 after purchasing an additional 42,019 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Republic Services by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider's stock valued at $1,292,050,000 after acquiring an additional 17,711 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Republic Services by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider's stock worth $695,541,000 after acquiring an additional 119,158 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Republic Services by 39,024.4% in the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock valued at $539,091,000 after buying an additional 2,220,487 shares during the last quarter. Institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Shares of RSG traded up $0.19 during midday trading on Friday, hitting $226.90. The company's stock had a trading volume of 1,968,166 shares, compared to its average volume of 1,047,020. The company's fifty day simple moving average is $234.54 and its two-hundred day simple moving average is $240.71. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The stock has a market capitalization 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. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data 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 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 the consensus estimate of $4.26 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The company's quarterly 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, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a $0.625 dividend. This represents a $2.50 annualized dividend 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 of this dividend is Thursday, October 2nd. Republic Services's dividend payout ratio is 34.32%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RSG shares. Raymond James Financial upped their target price on Republic Services from $257.00 to $260.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Melius started coverage on Republic Services in a research report on Monday, June 9th. They issued a "hold" rating on the stock. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday, May 26th. Wall Street Zen downgraded Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, BMO Capital Markets lifted their target price on Republic Services from $280.00 to $284.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $260.58.

Insider Buying and Selling

In other news, 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 sale, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 purchased at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the acquisition, the insider directly owned 109,816,832 shares of the company's stock, valued at $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. Company insiders own 0.11% of the company's stock.

Republic Services Company 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.