Inspire Investing LLC Boosts Holdings in Republic Services, Inc. $RSG

Key Points

• Inspire Investing LLC increased its stake in Republic Services, Inc. by 7.8% during Q2, bringing its total to 30,966 shares valued at approximately $7.6 million.
• Republic Services reported earnings of $1.77 per share, slightly surpassing analysts' expectations, while also projecting EPS for FY 2025 to be between 6.820-6.900.
• The company has recently announced an increase in its quarterly dividend to $0.625 per share, marking a growth from the previous dividend of $0.58.

Inspire Investing LLC lifted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,966 shares of the business services provider's stock after buying an additional 2,237 shares during the period. Republic Services makes up 0.8% of Inspire Investing LLC's investment portfolio, making the stock its 18th largest holding. Inspire Investing LLC's holdings in Republic Services were worth $7,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of RSG. Brighton Jones LLC boosted its stake in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. GAMMA Investing LLC boosted its stake in Republic Services by 61.6% during the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock worth $2,226,000 after purchasing an additional 3,503 shares during the period. Assenagon Asset Management S.A. boosted its stake in Republic Services by 1.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,724 shares of the business services provider's stock worth $1,386,000 after purchasing an additional 81 shares during the period. CX Institutional boosted its stake in Republic Services by 10.8% during the 1st quarter. CX Institutional now owns 2,346 shares of the business services provider's stock worth $568,000 after purchasing an additional 228 shares during the period. Finally, Bensler LLC boosted its stake in Republic Services by 31.9% during the 1st quarter. Bensler LLC now owns 27,283 shares of the business services provider's stock worth $6,607,000 after purchasing an additional 6,591 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Performance

Shares of RSG opened at $225.16 on Friday. The company has a 50-day simple moving average of $230.18 and a 200-day simple moving average of $239.80. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $70.30 billion, a PE ratio of 33.31, a P/E/G ratio of 3.58 and a beta of 0.59. Republic Services, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.01. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. This is an increase 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 yield of 1.1%. Republic Services's payout ratio is 36.98%.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares of the company's stock, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RSG shares. Stifel Nicolaus started coverage on shares of Republic Services in a research report on Monday, September 29th. They set a "buy" rating and a $257.00 price objective for the company. Barclays started coverage on shares of 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. BMO Capital Markets upped their price objective on shares of Republic Services from $280.00 to $284.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Citigroup cut their price objective 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. Finally, Scotiabank set a $250.00 price objective on shares of Republic Services in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $258.85.

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.

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