Republic Services, Inc. $RSG Shares Acquired by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its ownership in Republic Services, Inc. by 20.6%, acquiring 5,857 additional shares, bringing its total to 34,270 shares valued at approximately $8.45 million.
• Republic Services has recently announced a quarterly dividend increase from $0.58 to $0.625 per share, reflecting a positive change and yielding about 1.1% annually.
• Institutional investors now hold 57.73% of Republic Services' stock, showcasing strong institutional interest in the company amidst various hedge fund adjustments.

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 20.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,270 shares of the business services provider's stock after purchasing an additional 5,857 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Republic Services were worth $8,453,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC lifted 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 worth $26,000 after purchasing an additional 106 shares in the last quarter. Capital Management Associates Inc purchased a new position in Republic Services in the first quarter worth approximately $314,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Republic Services by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock worth $136,397,000 after acquiring an additional 4,110 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Republic Services in the 1st quarter valued at $260,000. Finally, GAMMA Investing LLC lifted its position in shares of Republic Services by 61.6% during the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock worth $2,226,000 after purchasing an additional 3,503 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the acquisition, the insider directly owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company's stock.

Republic Services Trading Up 1.6%

NYSE RSG opened at $225.16 on Monday. The firm's fifty day moving average price is $230.18 and its 200 day moving average price is $239.81. The company has a market capitalization of $70.30 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.59. 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.

Republic Services (NYSE:RSG - Get Free Report) last announced its 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. 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 company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be given 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 a positive change from Republic Services's previous quarterly dividend of $0.58. Republic Services's payout ratio is 36.98%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RSG. National Bankshares cut their price target on Republic Services from $270.00 to $241.00 and set a "sector perform" rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Republic Services in a research report on Wednesday, October 8th. UBS Group set a $260.00 price target on Republic Services and gave the company a "neutral" rating in a report on Wednesday, July 30th. Scotiabank set a $250.00 price objective on shares of Republic Services in a report on Friday. Finally, Barclays started coverage on shares of Republic Services in a research report on Friday, September 19th. They issued an "equal weight" rating and a $240.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $258.85.

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.

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