Republic Services, Inc. $RSG Holdings Decreased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has reduced its holdings in Republic Services, Inc. by 10.5%, owning 1,112,934 shares valued at approximately $269.46 million as of its latest SEC filing.
• Republic Services recently announced an increase in its quarterly dividend to $0.625 per share, representing a 1.1% yield and a boost from the previous $0.58 dividend.
• The stock received positive ratings from several analysts, with consensus targets ranging from $245.00 to $278.00, indicating potential for future growth.

Dimensional Fund Advisors LP lowered its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,112,934 shares of the business services provider's stock after selling 131,204 shares during the quarter. Dimensional Fund Advisors LP owned about 0.36% of Republic Services worth $269,457,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Republic Services by 39,024.4% in the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock valued at $539,091,000 after purchasing an additional 2,220,487 shares during the period. C WorldWide Group Holding A S acquired a new stake in Republic Services in the first quarter valued at $230,013,000. Nuveen LLC bought a new position in shares of Republic Services during the first quarter worth about $198,685,000. Price T Rowe Associates Inc. MD grew its position in shares of Republic Services by 10.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock worth $1,069,836,000 after acquiring an additional 499,237 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Republic Services by 170.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider's stock worth $117,559,000 after purchasing an additional 368,395 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company's stock.

Republic Services Price Performance

NYSE:RSG traded down $1.4950 during mid-day trading on Friday, reaching $233.9450. 705,516 shares of the stock were exchanged, compared to its average volume of 1,289,398. 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 firm has a market capitalization of $73.04 billion, a PE ratio of 34.61, a PEG ratio of 3.68 and a beta of 0.60. The business has a fifty day moving average price of $240.45 and a 200 day moving average price of $240.29.

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. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business'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 earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Research analysts expect that Republic Services, Inc. will post 6.86 earnings per share 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 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 an increase from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio (DPR) is 34.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RSG. Citigroup upped their target price on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Wall Street Zen downgraded Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Melius assumed coverage on Republic Services in a report on Monday, June 9th. They issued a "hold" rating for the company. Raymond James Financial increased 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. Finally, Robert W. Baird upped their price objective on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Two 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 MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and an average price target 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.