Meiji Yasuda Life Insurance Co Has $2.50 Million Stock Holdings in Republic Services, Inc. $RSG

Key Points

• Meiji Yasuda Life Insurance Co reduced its stake in Republic Services by 10.8%, owning 10,338 shares valued at approximately $2.5 million after selling 1,249 shares in the first quarter.
• Republic Services announced a quarterly dividend increase to $0.625 per share, up from $0.58, with a dividend yield of 1.1%.
• The firm reported a quarterly earnings per share of $1.77, exceeding estimates, and set a fiscal year 2025 EPS guidance of between $6.820 and $6.900.

Meiji Yasuda Life Insurance Co lowered its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 10.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,338 shares of the business services provider's stock after selling 1,249 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Republic Services were worth $2,503,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RSG. GAMMA Investing LLC raised its stake in Republic Services by 39,024.4% in the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock valued at $539,091,000 after purchasing an additional 2,220,487 shares in the last quarter. C WorldWide Group Holding A S acquired a new position in Republic Services in the first quarter valued at about $230,013,000. Nuveen LLC acquired a new position in Republic Services in the first quarter valued at about $198,685,000. Point72 Asset Management L.P. acquired a new position in Republic Services in the fourth quarter valued at about $65,201,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Republic Services in the first quarter valued at about $63,910,000. Institutional investors own 57.73% of the company's stock.

Insider Transactions at Republic Services

In other news, EVP Gregg Brummer sold 7,338 shares of the business's 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 transaction, the executive vice president directly owned 4,060 shares of the company's stock, valued at $949,796.40. The trade was a 64.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the transaction, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RSG. Wall Street Zen downgraded Republic Services from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. UBS Group set a $260.00 price objective on Republic Services and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 price objective for the company in a research report on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Oppenheimer upped their price objective on shares of Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Two 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $262.17.

Republic Services Price Performance

RSG traded down $3.75 on Friday, reaching $228.46. The stock had a trading volume of 891,765 shares, compared to its average volume of 1,269,852. The firm has a 50-day moving average of $236.19 and a 200-day moving average of $240.94. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The company has a market capitalization of $71.33 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04.

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, beating analysts' consensus estimates of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The business's revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, sell-side 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. The ex-dividend date of this dividend is Thursday, October 2nd. 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. Republic Services's dividend payout ratio (DPR) is presently 34.32%.

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.