Republic Services, Inc. $RSG Shares Purchased by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in Republic Services, Inc. by 18.0% to own a total of 10,845 shares valued at approximately $2.674 million.
• Republic Services recently declared a quarterly dividend of $0.625 per share, up from its previous dividend of $0.58, reflecting an annualized yield of 1.1%.
• The company's stock price recently opened at $226.90, and has shown resilience despite fluctuations, with a market cap of $70.84 billion.

GAMMA Investing LLC raised its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 18.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,845 shares of the business services provider's stock after purchasing an additional 1,652 shares during the period. GAMMA Investing LLC's holdings in Republic Services were worth $2,674,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RSG. Versant Capital Management Inc grew its holdings in Republic Services by 0.4% during the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock worth $2,415,000 after acquiring an additional 44 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its stake in Republic Services by 4.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock worth $279,000 after acquiring an additional 46 shares during the last quarter. Hemington Wealth Management grew its stake in Republic Services by 6.2% in the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider's stock valued at $195,000 after acquiring an additional 47 shares during the period. Rothschild Investment LLC raised its holdings in Republic Services by 9.3% during the 1st quarter. Rothschild Investment LLC now owns 599 shares of the business services provider's stock worth $145,000 after buying an additional 51 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in Republic Services by 4.4% in the 1st quarter. Perigon Wealth Management LLC now owns 1,217 shares of the business services provider's stock valued at $295,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Buying and Selling at Republic Services

In other news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares of the company's stock, valued at $949,796.40. This represents a 64.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the acquisition, the insider owned 109,816,832 shares in the company, 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. Insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RSG shares. Melius started coverage on shares of Republic Services in a report on Monday, June 9th. They issued a "hold" rating on the stock. Oppenheimer lifted their price objective on shares of Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Scotiabank boosted their price target on Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Barclays began coverage on shares of Republic Services in a research report on Friday. They set an "equal weight" rating and a $240.00 price objective for the company. Finally, BMO Capital Markets increased their target price on Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $260.58.

Republic Services Trading Down 0.3%

RSG stock traded down $0.77 during trading on Monday, reaching $226.17. The company had a trading volume of 957,217 shares, compared to its average volume of 1,047,020. Republic Services, Inc. has a 52 week low of $197.60 and a 52 week high of $258.75. The company has a market cap of $70.61 billion, a P/E ratio of 33.46, a PEG ratio of 3.54 and a beta of 0.59. The business has a 50 day moving average of $234.18 and a 200 day moving average of $240.65. 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 quarterly 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services's dividend payout ratio is currently 34.32%.

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.