Guyasuta Investment Advisors Inc. Decreases Holdings in Republic Services, Inc. $RSG

Key Points

• Guyasuta Investment Advisors Inc. reduced its stake in Republic Services, Inc. by 0.5%, now holding 335,157 shares, which makes up approximately 5.1% of their total holdings.
• Insider trading activity includes Gregg Brummer, an executive vice president, selling 7,338 shares, representing a 64.38% decrease in his ownership of the stock.
• Republic Services recently declared a quarterly dividend increase from $0.58 to $0.625, with a yield of 1.1%, set to be paid on October 15th.

Guyasuta Investment Advisors Inc. lessened its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 0.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 335,157 shares of the business services provider's stock after selling 1,751 shares during the period. Republic Services accounts for approximately 5.1% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 5th biggest position. Guyasuta Investment Advisors Inc. owned about 0.11% of Republic Services worth $82,653,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC increased its stake in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after buying an additional 106 shares in the last quarter. Capital Management Associates Inc purchased a new stake in Republic Services in the 1st quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Republic Services by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock worth $136,397,000 after buying an additional 4,110 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Republic Services in the 1st quarter worth $260,000. Finally, GAMMA Investing LLC increased its stake in Republic Services by 61.6% in the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock worth $2,226,000 after buying an additional 3,503 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RSG shares. UBS Group set a $260.00 price objective on Republic Services and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Citigroup cut their price objective on Republic Services from $280.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. BMO Capital Markets raised their price objective on Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Barclays started coverage on Republic Services in a research report on Friday, September 19th. They set an "equal weight" rating and a $240.00 price objective for the company. Finally, Raymond James Financial raised their price objective on Republic Services from $257.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $260.58.

Republic Services Trading Up 0.6%

RSG opened at $228.31 on Friday. The firm has a market cap of $71.28 billion, a P/E ratio of 33.77, a P/E/G ratio of 3.56 and a beta of 0.59. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average of $233.11 and a 200 day moving average of $240.47.

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, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The business also recently declared 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. This is an increase from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, October 2nd. Republic Services's dividend payout ratio (DPR) is 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.

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