Republic Services, Inc. $RSG Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. has reduced its holdings in Republic Services by 9.6%, now owning 66,451 shares valued at approximately $16.1 million after selling 7,053 shares.
• Major shareholder Cascade Investment acquired 4,258 shares of Republic Services at an average price of $234.91, increasing its total ownership to over 109.8 million shares.
• Analysts have a consensus rating of "Moderate Buy" for Republic Services, with an average price target of $262.17, reflecting positive investor sentiment towards the company.

Epoch Investment Partners Inc. lowered its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,451 shares of the business services provider's stock after selling 7,053 shares during the period. Epoch Investment Partners Inc.'s holdings in Republic Services were worth $16,092,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its stake in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after buying an additional 106 shares during the last quarter. Key Financial Inc increased its holdings in Republic Services by 380.8% during the 1st 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. TCTC Holdings LLC lifted its holdings 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 in the last quarter. 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 acquired a new position in shares of Republic Services during the 4th quarter worth approximately $44,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RSG shares. Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. BMO Capital Markets boosted their target price on shares of Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Melius Research raised shares of Republic Services to a "hold" rating and set a $281.00 price target on the stock in a research note on Monday, June 9th. UBS Group set a $260.00 price objective on shares of Republic Services and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and a consensus target price of $262.17.

Republic Services Trading Up 0.5%

Shares of RSG stock traded up $1.13 on Friday, reaching $234.23. 875,330 shares of the stock were exchanged, compared to its average volume of 1,158,847. 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 stock has a market cap of $73.13 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 3.64 and a beta of 0.60. The firm has a 50 day moving average of $238.66 and a two-hundred day moving average of $240.81. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly 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 firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a dividend of $0.625 per share. This is a boost from Republic Services's previous quarterly dividend of $0.58. 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%. Republic Services's dividend payout ratio is currently 34.32%.

Insider Activity 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 bought at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the transaction, the insider directly owned 109,816,832 shares of the company's stock, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the business'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 transaction, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. Company 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.