2,000 Shares in Republic Services, Inc. $RSG Bought by Corient IA LLC

Key Points

• Corient IA LLC has acquired a new stake in Republic Services, purchasing 2,000 shares valued at approximately $484,000 in the first quarter.
• Republic Services recently declared a quarterly dividend of $0.625 per share, marking an increase from the previous dividend of $0.58.
• The company reported a net margin of 12.97% and a 4.6% increase in quarterly revenue compared to the same period last year, despite slightly missing analyst revenue estimates.

Corient IA LLC acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the business services provider's stock, valued at approximately $484,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake 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 worth $26,000 after purchasing an additional 106 shares during the last quarter. TCTC Holdings LLC lifted its stake in Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock worth $30,000 after purchasing an additional 66 shares during the last quarter. Key Financial Inc lifted its stake 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 purchasing an additional 99 shares during the last quarter. Cheviot Value Management LLC purchased a new stake in Republic Services during the first quarter worth approximately $49,000. Finally, Park Square Financial Group LLC purchased a new stake in Republic Services during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RSG. Scotiabank boosted their target price on Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Oppenheimer boosted their target price on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $266.00 price objective on shares of Republic Services in a research note on Friday, April 25th. Finally, Robert W. Baird boosted their price objective on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $262.17.

Republic Services Stock Performance

NYSE RSG traded down $0.2050 on Friday, reaching $235.2350. The stock had a trading volume of 439,286 shares, compared to its average volume of 1,287,769. The stock has a market cap of $73.45 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 3.68 and a beta of 0.60. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The business's 50-day moving average price is $240.45 and its 200 day moving average price is $240.29. Republic Services, Inc. has a 12-month low of $197.60 and a 12-month high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (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 analyst estimates of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. 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 year.

Republic Services Increases Dividend

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

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were acquired 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 owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.