2,161 Shares in Republic Services, Inc. $RSG Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC has purchased 2,161 shares of Republic Services, Inc. valued at approximately $523,000, marking their first quarter entry into the company's stock.
• Republic Services recently announced a quarterly dividend increase to $0.625 per share, which is a change from the previous $0.58, resulting in an annualized yield of 1.1%.
• Following their latest quarterly earnings report, Republic Services' stock saw a decline of 1.6%, while analysts maintain a "Moderate Buy" consensus rating with an average target price of $262.17.

Integrity Alliance LLC. acquired a new position in Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,161 shares of the business services provider's stock, valued at approximately $523,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in shares of Republic Services by 3,533.3% in the first 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 during the last quarter. Key Financial Inc lifted its stake 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 buying an additional 99 shares during the last quarter. TCTC Holdings LLC lifted its stake in shares of Republic Services by 113.8% in the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock worth $30,000 after buying an additional 66 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of Republic Services in the first quarter worth $30,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of Republic Services in the fourth quarter worth $44,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group set a $260.00 price objective on shares of Republic Services and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. BMO Capital Markets upped their target price on shares of Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Melius initiated coverage on shares of Republic Services in a report on Monday, June 9th. They issued a "hold" rating on the stock. Finally, Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $262.17.

Republic Services Price Performance

Shares of RSG traded down $0.21 during trading hours on Monday, hitting $228.27. The stock had a trading volume of 799,043 shares, compared to its average volume of 955,002. The company's fifty day moving average is $235.65 and its two-hundred day moving average is $240.97. 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 52 week low of $197.60 and a 52 week high of $258.75. The stock has a market capitalization of $71.27 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 3.56 and a beta of 0.59.

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 the consensus estimate of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The firm's quarterly 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. On average, analysts anticipate 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 represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.58. Republic Services's payout ratio is currently 34.32%.

Insider Activity

In related news, 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 shares were acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregg Brummer sold 7,338 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was 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 in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.