CW Advisors LLC Takes $552,000 Position in Republic Services, Inc. $RSG

Key Points

• CW Advisors LLC has initiated a new stake in Republic Services, Inc., purchasing 2,306 shares valued at approximately $552,000 in the first quarter.
• Analysts have raised their price targets for Republic Services, with Scotiabank increasing it from $250.00 to $260.00, and BMO Capital Markets lifting their target from $280.00 to $284.00.
• Republic Services has declared a quarterly dividend of $0.625, an increase from the previous $0.58, with an annualized yield of 1.1%.

CW Advisors LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,306 shares of the business services provider's stock, valued at approximately $552,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in 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 last quarter. TCTC Holdings LLC raised its holdings in shares of Republic Services by 113.8% during 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 in the last quarter. Key Financial Inc raised its holdings 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 acquiring an additional 99 shares in the last quarter. Elequin Capital LP bought a new position in shares of Republic Services during the first quarter valued at approximately $30,000. Finally, Cheviot Value Management LLC bought a new position in shares of Republic Services during the first quarter valued at approximately $49,000. Institutional investors own 57.73% of the company's stock.

Wall Street Analyst Weigh In

RSG has been the subject of a number of recent analyst reports. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 target price for the company in a report on Monday, June 9th. UBS Group set a $260.00 target price on Republic Services and gave the company a "neutral" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Scotiabank upped their target price on Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Finally, Raymond James Financial upped their price target on Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and an average price target of $262.17.

Republic Services Stock Down 0.2%

RSG stock traded down $0.38 during midday trading on Tuesday, hitting $233.59. The stock had a trading volume of 155,740 shares, compared to its average volume of 1,275,428. The firm has a market cap of $72.93 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 3.65 and a beta of 0.59. The business has a 50-day moving average of $238.33 and a two-hundred day moving average of $241.07. Republic Services, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results 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 analysts' expectations of $4.26 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The company's quarterly 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. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal 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 paid a $0.625 dividend. 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%. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services's payout ratio is currently 34.32%.

Insiders Place Their Bets

In other news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction on 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 directly owned 4,060 shares of the company's stock, valued at approximately $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider owned 109,816,832 shares of the company's stock, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company's stock.

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.