Partners Capital Investment Group LLP Takes $390,000 Position in Republic Services, Inc. $RSG

Key Points

• Partners Capital Investment Group LLP has acquired a new stake in Republic Services, purchasing 1,609 shares valued at approximately $390,000.
• Republic Services announced a **dividend increase** to $0.625 per share, with an annualized basis of $2.50 and a yield of 1.1%, payable on October 15.
• Several institutional investors, including Brighton Jones LLC and MGO One Seven LLC, **significantly increased** their positions in Republic Services during the fourth quarter, reflecting strong investor interest in the stock.

Partners Capital Investment Group LLP acquired a new position in Republic Services, Inc. (NYSE:RSG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,609 shares of the business services provider's stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its position in shares of Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after buying an additional 106 shares during the last quarter. TCTC Holdings LLC grew its stake in shares of Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock valued at $30,000 after purchasing an additional 66 shares during the last quarter. Key Financial Inc lifted its holdings in Republic Services by 380.8% in the first quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after buying an additional 99 shares during the period. Elequin Capital LP acquired a new position in Republic Services in the first quarter valued at approximately $30,000. Finally, Cheviot Value Management LLC acquired a new stake in Republic Services in the first quarter worth $49,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research analyst reports. UBS Group set a $260.00 price objective on shares of Republic Services and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. Citigroup raised their target price on shares of Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. BMO Capital Markets raised their target price on shares of Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, National Bank Financial raised shares of Republic Services to a "hold" rating in a research report on Monday, May 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $262.17.

Republic Services Stock Performance

Republic Services stock traded down $2.0910 during midday trading on Monday, hitting $232.2290. The company's stock had a trading volume of 674,698 shares, compared to its average volume of 1,288,756. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The company has a 50-day moving average price of $240.12 and a two-hundred day moving average price of $240.66. The company has a market cap of $72.51 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.66 and a beta of 0.60.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $4.26 billion. During the same quarter in the previous year, the company earned $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 predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a $0.625 dividend. This is a positive change 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 dividend payout ratio is presently 34.32%.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider owned 109,816,832 shares of the company's stock, valued at $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company's stock.

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.