Capital Fund Management S.A. Has $12.97 Million Stake in Republic Services, Inc. $RSG

Key Points

• Capital Fund Management S.A. has reduced its stake in Republic Services, Inc. by 55.8%, now holding $12.97 million worth of shares after selling 67,501 shares in the first quarter.
• Recent analyst reports have had mixed ratings for Republic Services, with BMO Capital Markets raising the target price from $280 to $284, while Wall Street Zen downgraded the stock from "buy" to "hold".
• Republic Services has announced a quarterly dividend increase from $0.58 to $0.625 per share, reflecting a positive trend in its financial performance with a reported EPS of $1.77 for the last quarter.

Capital Fund Management S.A. trimmed its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 55.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,548 shares of the business services provider's stock after selling 67,501 shares during the quarter. Capital Fund Management S.A.'s holdings in Republic Services were worth $12,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC increased its position in 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 worth $26,000 after buying an additional 106 shares during the period. Key Financial Inc increased its position in shares of Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after purchasing an additional 99 shares during the period. TCTC Holdings LLC grew its position in 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 stake in Republic Services in the first quarter valued at $30,000. Finally, Park Square Financial Group LLC bought a new stake in Republic Services in the fourth quarter valued at $44,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of recent analyst reports. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. BMO Capital Markets increased their target price on Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. National Bank Financial raised Republic Services to a "hold" rating in a research note on Monday, May 26th. Morgan Stanley increased their price target on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Finally, Melius assumed coverage on Republic Services in a report on Monday, June 9th. They issued a "hold" rating for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $262.17.

Republic Services Stock Performance

NYSE:RSG opened at $236.0620 on Thursday. The stock has a market cap of $73.70 billion, a P/E ratio of 34.92, a PEG ratio of 3.66 and a beta of 0.60. The stock has a 50 day simple moving average of $240.78 and a 200 day simple moving average of $240.19. 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, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the company earned $1.61 EPS. The company's revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a dividend of $0.625 per share. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a 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 presently 34.32%.

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.

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