RDA Financial Network Makes New $402,000 Investment in Republic Services, Inc. $RSG

Key Points

• RDA Financial Network made a new investment in Republic Services, acquiring 1,631 shares valued at approximately $402,000.
• Analysts have set varying price targets for Republic Services, with the consensus target currently at $262.17 and ratings ranging from "Strong Buy" to "Hold".
• The company recently announced an increase in its quarterly dividend to $0.625 per share, reflecting a commitment to return value to its shareholders.

RDA Financial Network acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,631 shares of the business services provider's stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Garde Capital Inc. acquired a new position in shares of Republic Services during the second quarter worth about $62,000. Kera Capital Partners Inc. acquired a new position in shares of Republic Services in the second quarter worth about $262,000. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Republic Services in the first quarter worth about $2,416,000. Harold Davidson & Associates Inc. lifted its stake in shares of Republic Services by 4.2% in the first quarter. Harold Davidson & Associates Inc. now owns 7,392 shares of the business services provider's stock worth $1,790,000 after acquiring an additional 296 shares in the last quarter. Finally, Modern Wealth Management LLC acquired a new position in shares of Republic Services in the first quarter worth about $218,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on RSG shares. Raymond James Financial boosted their price target on Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. lifted 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 Research raised shares of Republic Services to a "hold" rating and set a $281.00 price target for the company in a report on Monday, June 9th. Oppenheimer lifted their price target on shares of Republic Services from $262.00 to $268.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen cut Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Two equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $262.17.

Republic Services Stock Down 1.6%

RSG opened at $228.46 on Monday. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month 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 stock has a market cap of $71.33 billion, a P/E ratio of 33.80, a P/E/G ratio of 3.56 and a beta of 0.59. The stock's 50 day moving average price is $235.93 and its 200 day moving average price is $241.03.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $4.26 billion. During the same period last year, the firm earned $1.61 EPS. The firm's 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. As a group, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio is 34.32%.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the firm's stock in a transaction 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 purchase, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction on Friday, August 22nd. The shares were 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 approximately $949,796.40. The trade was 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.

About Republic Services

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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