Republic Services, Inc. $RSG Shares Sold by Groupama Asset Managment

Key Points

• Groupama Asset Management has decreased its stake in Republic Services by 34.9%, now holding 7,170 shares valued at approximately $1.71 million.
• Republic Services has recently increased its quarterly dividend from $0.58 to $0.625 per share, reflecting a 1.1% yield and a 34.32% dividend payout ratio.
• The company reported earnings of $1.77 per share, slightly exceeding analysts' expectations, while also expecting FY 2025 earnings in the range of $6.820-$6.900 EPS.

Groupama Asset Managment cut its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 34.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,170 shares of the business services provider's stock after selling 3,843 shares during the quarter. Groupama Asset Managment's holdings in Republic Services were worth $1,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position 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 purchasing an additional 106 shares in the last quarter. Key Financial Inc raised its stake in 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. TCTC Holdings LLC raised its stake 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. Elequin Capital LP purchased a new position in Republic Services during the first quarter valued at $30,000. Finally, Park Square Financial Group LLC purchased a new position in Republic Services during the fourth quarter valued at $44,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of RSG traded down $1.3090 during trading hours on Friday, hitting $234.1310. The stock had a trading volume of 1,183,937 shares, compared to its average volume of 1,364,523. 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, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The firm has a market capitalization of $73.10 billion, a PE ratio of 34.63, a PEG ratio of 3.67 and a beta of 0.60. The stock has a fifty day moving average price of $240.12 and a 200 day moving average price of $240.39.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. Republic Services's revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The firm 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 positive change 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%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James Financial lifted their price objective on Republic Services from $257.00 to $260.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. BMO Capital Markets lifted their price objective on Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday, May 26th. Finally, Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a research note on Tuesday, May 6th. Two equities research 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 company's stock. According to MarketBeat.com, Republic Services currently has a consensus rating of "Moderate Buy" and an average price target of $262.17.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider directly owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.