Fuller & Thaler Asset Management Inc. Cuts Stock Holdings in Republic Services, Inc. $RSG

Key Points

• Fuller & Thaler Asset Management Inc. has reduced its holdings in Republic Services, Inc. by 9.1%, owning 18,613 shares worth approximately $4.5 million as of their latest SEC filing.
• Republic Services has announced a new quarterly dividend of $0.625 per share, indicating an annualized dividend yield of 1.1% and increasing from the previous dividend of $0.58.
• Equities analysts are generally optimistic about Republic Services, with a consensus target price of $262.17 and ratings including two Strong Buys, twelve Buys, and eight Holds.

Fuller & Thaler Asset Management Inc. decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 9.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,613 shares of the business services provider's stock after selling 1,872 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Republic Services were worth $4,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its holdings in shares of Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after buying an additional 106 shares during the last quarter. TCTC Holdings LLC grew 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 buying an additional 66 shares during the last quarter. Key Financial Inc grew 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 buying an additional 99 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Republic Services during the first quarter valued at approximately $30,000. Finally, Cheviot Value Management LLC purchased a new stake in shares of Republic Services during the first quarter valued at approximately $49,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Stock Up 0.5%

RSG opened at $236.0620 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The company has a market capitalization of $73.70 billion, a PE ratio of 34.92, a PEG ratio of 3.66 and a beta of 0.60. The firm's 50 day simple moving average is $240.78 and its two-hundred day simple moving average is $240.19.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the firm earned $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 analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The company also recently disclosed 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 represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. 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. Republic Services's dividend payout ratio is currently 34.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RSG shares. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a report on Monday, May 26th. Seaport Res Ptn upgraded shares of Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada restated an "outperform" rating and set a $266.00 price objective on shares of Republic Services in a research report on Friday, April 25th. Citigroup increased their price objective on shares of Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, BMO Capital Markets increased their price objective on shares of Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $262.17.

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.

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