Republic Services, Inc. $RSG Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Republic Services by 118.4% during Q2, owning 806,409 shares valued at approximately $198.87 million.
• Republic Services announced a quarterly dividend of $0.625 per share, representing a 7.76% increase from the previous dividend of $0.58.
• Analysts have set a target price range for Republic Services, with BMO Capital Markets raising their target from $280.00 to $284.00, while other analysts suggest an average target of $260.58.

Robeco Institutional Asset Management B.V. lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 118.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 806,409 shares of the business services provider's stock after purchasing an additional 437,190 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.26% of Republic Services worth $198,869,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its stake in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after acquiring an additional 106 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider's stock worth $29,000 after acquiring an additional 110 shares during the last quarter. Key Financial Inc raised its stake in Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after acquiring an additional 99 shares during the last quarter. TCTC Holdings LLC raised its stake in Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider's stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Finally, Elequin Capital LP purchased a new position in Republic Services in the 1st quarter worth $30,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Price Performance

Shares of Republic Services stock opened at $227.28 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The business has a 50-day moving average price of $232.32 and a 200 day moving average price of $240.36. The firm has a market cap of $70.96 billion, a PE ratio of 33.62, a P/E/G ratio of 3.58 and a beta of 0.59.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share 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 during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the business earned $1.61 EPS. Republic Services's revenue for the quarter 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. Sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a $0.625 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. This is a boost from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio (DPR) is presently 34.32%.

Insider Activity

In related news, EVP Gregg Brummer sold 7,338 shares of Republic Services 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 sale, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the acquisition, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

RSG has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on Republic Services from $280.00 to $284.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Stifel Nicolaus initiated coverage on Republic Services in a research note on Monday. They issued a "buy" rating and a $257.00 target price for the company. Barclays initiated coverage on Republic Services in a research note on Friday, September 19th. They set an "equal weight" rating and a $240.00 price objective for the company. Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 price objective for the company in a research note on Monday, June 9th. Finally, Scotiabank lifted their price objective on Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $260.58.

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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