Generali Investments CEE investicni spolecnost a.s. Increases Stake in Republic Services, Inc. $RSG

Key Points

• Generali Investments CEE increased its stake in Republic Services by 57.9%, owning a total of 6,410 shares valued at approximately $1.58 million as of the end of the last quarter.
• Wall Street analysts have raised target prices for Republic Services, with estimates ranging from $250.00 to $281.00, indicating a generally positive outlook for the stock.
• Republic Services announced a quarterly dividend increase to $0.625 per share from its previous $0.58, reflecting the company's confidence in its financial stability.

Generali Investments CEE investicni spolecnost a.s. raised its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 57.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,410 shares of the business services provider's stock after buying an additional 2,350 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Republic Services were worth $1,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its holdings in 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. Cranbrook Wealth Management LLC increased its holdings in Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider's stock valued at $29,000 after buying an additional 110 shares during the last quarter. TCTC Holdings LLC increased its holdings in 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 boosted its position in shares of Republic Services by 380.8% in the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after purchasing an additional 99 shares during the period. Finally, Elequin Capital LP bought a new position in shares of Republic Services during the first quarter worth $30,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Oppenheimer upped their target price 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. UBS Group set a $260.00 target price on shares of Republic Services and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Melius Research upgraded shares of Republic Services to a "hold" rating and set a $281.00 target price for the company in a research report on Monday, June 9th. Finally, Citigroup dropped their target price on shares of Republic Services from $280.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $260.58.

Insider Activity

In related news, EVP Gregg Brummer sold 7,338 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 4,060 shares of the company's stock, valued at $949,796.40. This trade represents a 64.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of Republic Services stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Republic Services Price Performance

Republic Services stock opened at $229.52 on Wednesday. The firm has a 50-day moving average price of $232.64 and a 200-day moving average price of $240.45. The firm has a market capitalization of $71.66 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. 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 12-month low of $197.60 and a 12-month high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping 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 was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a $0.625 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.58. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services's dividend payout ratio (DPR) is 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.

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