Credit Agricole S A Has $26.86 Million Position in Republic Services, Inc. $RSG

Key Points

• Credit Agricole S A increased its holdings in Republic Services, Inc. by 7.8%, acquiring an additional 8,029 shares, bringing its total to 110,932 shares valued at approximately $26.9 million.
• Several institutional investors have also adjusted their stakes in Republic Services, with BI Asset Management increasing its position by 192.1% during the same quarter.
• The company recently announced a quarterly dividend of $0.625 per share, representing an annual yield of 1.1%, which is an increase from the previous dividend of $0.58.

Credit Agricole S A raised its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,932 shares of the business services provider's stock after purchasing an additional 8,029 shares during the quarter. Credit Agricole S A's holdings in Republic Services were worth $26,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RSG. Golden State Wealth Management LLC increased its stake in shares of Republic Services by 3,533.3% in 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 during the period. Key Financial Inc increased its stake in shares of Republic Services by 380.8% in 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 increased its stake in shares of 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 purchasing an additional 66 shares during the period. Elequin Capital LP acquired a new stake in shares of Republic Services in the first quarter valued at approximately $30,000. Finally, Park Square Financial Group LLC bought a new position in shares of Republic Services in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Buying and Selling

In other news, 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 purchase, the insider owned 109,816,832 shares of the company's stock, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company's stock.

Republic Services Price Performance

NYSE:RSG traded down $1.3090 during trading hours on Friday, reaching $234.1310. 1,183,937 shares of the company's stock were exchanged, compared to its average volume of 1,364,523. The company has a market capitalization of $73.10 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 3.67 and a beta of 0.60. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The business's 50-day simple moving average is $240.12 and its two-hundred day simple moving average is $240.39.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal 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 paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio (DPR) is 34.32%.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Raymond James Financial raised their price objective on shares of Republic Services from $257.00 to $260.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. UBS Group set a $260.00 price objective on shares of Republic Services and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and a consensus target price of $262.17.

About Republic Services

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.