Compound Planning Inc. Makes New Investment in Republic Services, Inc. $RSG

Key Points

• Compound Planning Inc. has acquired a new position in Republic Services, Inc. by purchasing 1,654 shares, valued at approximately $400,000 in the first quarter.
• Analysts have a consensus rating of Moderate Buy for Republic Services, with a price target set around $262.17.
• Republic Services recently announced an increase in its quarterly dividend from $0.58 to $0.625, reflecting positive financial changes for investors.

Compound Planning Inc. acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,654 shares of the business services provider's stock, valued at approximately $400,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 1832 Asset Management L.P. increased its position in shares of Republic Services by 23.0% in the first quarter. 1832 Asset Management L.P. now owns 261,723 shares of the business services provider's stock valued at $63,379,000 after buying an additional 48,959 shares in the last quarter. Norinchukin Bank The increased its position in shares of Republic Services by 10.3% in the first quarter. Norinchukin Bank The now owns 8,063 shares of the business services provider's stock valued at $1,953,000 after buying an additional 751 shares in the last quarter. CW Advisors LLC purchased a new stake in shares of Republic Services in the first quarter valued at approximately $552,000. Summit Financial LLC increased its position in shares of Republic Services by 4.2% in the first quarter. Summit Financial LLC now owns 11,772 shares of the business services provider's stock valued at $2,851,000 after buying an additional 478 shares in the last quarter. Finally, Partners Capital Investment Group LLP purchased a new stake in shares of Republic Services in the first quarter valued at approximately $390,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.5%

RSG traded up $1.13 during mid-day trading on Friday, hitting $234.23. 875,330 shares of the stock were exchanged, compared to its average volume of 1,158,847. The firm's fifty day moving average is $238.66 and its two-hundred day moving average is $240.81. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The company has a market cap of $73.13 billion, a PE ratio of 34.65, a PEG ratio of 3.64 and a beta of 0.60.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results 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. 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 in the prior year, the company earned $1.61 EPS. Republic Services'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. Equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio is currently 34.32%.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the sale, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on RSG. JPMorgan Chase & Co. boosted their price target on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Melius began coverage on Republic Services in a research report on Monday, June 9th. They set a "hold" rating for the company. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 price target for the company in a research report on Monday, June 9th. Oppenheimer boosted their price target on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Finally, National Bank Financial upgraded Republic Services to a "hold" rating in a research report on Monday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $262.17.

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.