Republic Services, Inc. $RSG is Visualize Group LP's 3rd Largest Position

Key Points

• Visualize Group LP increased its holdings in Republic Services, Inc. by 215.2% in the first quarter, making it the company’s third largest position, valued at approximately $33.15 million.
• Republic Services reported a net margin of 12.97% and a 4.6% year-over-year revenue increase for the most recent quarter, achieving earnings of $1.77 per share, slightly above estimates.
• The company recently announced a raise in its quarterly dividend from $0.58 to $0.625 per share, reflecting its commitment to returning value to shareholders.

Visualize Group LP grew its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 215.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,895 shares of the business services provider's stock after acquiring an additional 93,459 shares during the quarter. Republic Services accounts for approximately 10.9% of Visualize Group LP's holdings, making the stock its 3rd biggest holding. Visualize Group LP's holdings in Republic Services were worth $33,150,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings 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 period. Capital Management Associates Inc purchased a new position in shares of Republic Services in the first quarter worth about $314,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Republic Services by 0.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock worth $136,397,000 after buying an additional 4,110 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Republic Services in the first quarter worth about $260,000. Finally, GAMMA Investing LLC increased its holdings in shares of Republic Services by 61.6% in the first quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock worth $2,226,000 after buying an additional 3,503 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on RSG. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 price objective on the stock in a report on Monday, June 9th. BMO Capital Markets upped their price target on Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Oppenheimer upped their price target on Republic Services from $262.00 to $268.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. UBS Group set a $260.00 price target on Republic Services and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial boosted their price objective on shares of Republic Services from $257.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $262.17.

Insider Activity at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares of the company's stock, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 4,060 shares in the company, valued at $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 owned by corporate insiders.

Republic Services Stock Performance

RSG traded down $3.75 during midday trading on Friday, hitting $228.46. 891,765 shares of the company traded hands, compared to its average volume of 1,269,852. 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 firm has a market capitalization of $71.33 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. The company's 50-day moving average is $236.19 and its 200 day moving average is $240.94. 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 posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.01. The business had revenue of $4.24 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, research analysts expect 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. This is a boost 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 dividend yield of 1.1%. Republic Services's dividend payout ratio (DPR) is currently 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.