Hsbc Holdings PLC trimmed its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 14.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 496,751 shares of the business services provider's stock after selling 82,628 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of Republic Services worth $120,046,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP raised its stake in Republic Services by 0.7% in the first quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider's stock valued at $1,438,237,000 after buying an additional 42,019 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Republic Services by 22.2% during the 1st quarter. Aptus Capital Advisors LLC now owns 7,323 shares of the business services provider's stock worth $1,773,000 after acquiring an additional 1,329 shares during the last quarter. Aviso Financial Inc. raised its stake in Republic Services by 8.5% in the 1st quarter. Aviso Financial Inc. now owns 16,244 shares of the business services provider's stock valued at $3,934,000 after acquiring an additional 1,267 shares during the period. Brooklyn Investment Group lifted its holdings in Republic Services by 33.1% during the 1st quarter. Brooklyn Investment Group now owns 1,841 shares of the business services provider's stock valued at $446,000 after purchasing an additional 458 shares during the last quarter. Finally, Elequin Capital LP bought a new position in Republic Services during the first quarter worth $30,000. Institutional investors own 57.73% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on RSG shares. BMO Capital Markets raised their target price on shares of Republic Services from $280.00 to $284.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. JPMorgan Chase & Co. upped their target price on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $266.00 price target on shares of Republic Services in a report on Friday, April 25th. Finally, Robert W. Baird boosted their price target on Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $262.17.
Check Out Our Latest Stock Report on RSG
Insider Activity
In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.
Republic Services Price Performance
Shares of Republic Services stock traded down $1.3090 during trading on Friday, reaching $234.1310. 1,183,937 shares of the company's stock were exchanged, compared to its average volume of 1,364,523. The company has a market cap of $73.10 billion, a P/E ratio of 34.63, a PEG ratio of 3.67 and a beta of 0.60. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The firm's 50-day moving average price is $240.12 and its 200 day moving average price is $240.39. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75.
Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the firm posted $1.61 EPS. The company's revenue for the quarter 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. As a group, research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.
Republic Services Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio (DPR) is 34.32%.
Republic Services Profile
(
Free Report)
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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