Capital Insight Partners LLC Sells 1,347 Shares of Republic Services, Inc. $RSG

Key Points

• Capital Insight Partners LLC reduced its stake in Republic Services, Inc. by 5.3% in Q2, selling 1,347 shares and now holding a total of 24,171 shares valued at approximately $5.96 million.
• In Q2, Cranbrook Wealth Management and other firms significantly increased their positions in Republic Services, with Cranbrook raising its holdings by 1,222.2%.
• Republic Services recently announced a boost in its quarterly dividend to $0.625, representing an increase from the previous $0.58 per share, with a yield of 1.1%.

Capital Insight Partners LLC decreased its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,171 shares of the business services provider's stock after selling 1,347 shares during the quarter. Republic Services makes up 1.0% of Capital Insight Partners LLC's portfolio, making the stock its 29th biggest holding. Capital Insight Partners LLC's holdings in Republic Services were worth $5,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 106 shares in the last quarter. Cranbrook Wealth Management LLC raised its position in shares of Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider's stock valued at $29,000 after purchasing an additional 110 shares during the period. Key Financial Inc boosted its holdings in Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after buying an additional 99 shares during the period. TCTC Holdings LLC increased its stake in Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock worth $30,000 after buying an additional 66 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in Republic Services during the first quarter valued at about $30,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider owned 109,816,832 shares of the company's stock, valued at $25,797,072,005.12. The trade was 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 owned by insiders.

Republic Services Stock Up 0.6%

Shares of NYSE RSG opened at $228.31 on Monday. 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 12-month low of $197.60 and a 12-month high of $258.75. The firm's 50-day moving average price is $233.11 and its 200-day moving average price is $240.55. The stock has a market capitalization of $71.28 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 3.56 and a beta of 0.59.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share 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 analysts' expectations of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 earnings per share. 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 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a $0.625 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, October 2nd. Republic Services's dividend payout ratio is 34.32%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. BMO Capital Markets lifted 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. Melius Research upgraded shares of Republic Services to a "hold" rating and set a $281.00 price objective on the stock in a research report on Monday, June 9th. Barclays initiated coverage on shares of Republic Services in a research report on Friday, September 19th. They set an "equal weight" rating and a $240.00 target price for the company. Melius began coverage on shares of Republic Services in a report on Monday, June 9th. They issued a "hold" rating on the stock. Finally, Scotiabank raised their price objective on Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $260.58.

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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