Ethic Inc. Has $1.99 Million Holdings in Republic Services, Inc. $RSG

Key Points

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Ethic Inc. decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 43.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,181 shares of the business services provider's stock after selling 6,290 shares during the period. Ethic Inc.'s holdings in Republic Services were worth $1,994,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings 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. Key Financial Inc boosted its stake in shares of 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 buying an additional 99 shares during the last quarter. TCTC Holdings LLC grew its position 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 worth $30,000 after buying an additional 66 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Republic Services in the fourth quarter worth $44,000. Finally, Cheviot Value Management LLC bought a new position in Republic Services during the 1st quarter valued at $49,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider directly owned 109,816,832 shares of the company's stock, valued at $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

RSG has been the subject of several research analyst reports. Robert W. Baird boosted their target price on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Citigroup upped their price objective on Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. William Blair reiterated an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Melius started coverage on Republic Services in a research report on Monday, June 9th. They set a "hold" rating on the stock. Finally, Morgan Stanley raised their price objective on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Two 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 MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $262.17.

Republic Services Stock Performance

RSG stock traded down $1.3090 during mid-day trading on Friday, reaching $234.1310. The company had a trading volume of 777,242 shares, compared to its average volume of 1,289,616. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The stock has a market capitalization of $73.10 billion, a P/E ratio of 34.63, a P/E/G ratio of 3.68 and a beta of 0.60. 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's 50-day simple moving average is $240.45 and its two-hundred day simple moving average is $240.29.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.76 by $0.01. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The business 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 $0.625 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. This is a boost from Republic Services's previous quarterly dividend of $0.58. Republic Services's payout ratio is currently 34.32%.

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.