Republic Services, Inc. $RSG Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Republic Services, Inc. by 9.4%, owning approximately 0.09% of the company worth $62.84 million after selling 29,102 shares.
• Republic Services announced a quarterly dividend of $0.625 per share, which is an increase from their previous dividend, with an ex-dividend date set for October 2nd.
• Several analysts have raised their price targets on Republic Services, with a consensus target set at $262.17, indicating a generally positive outlook on the stock.

APG Asset Management N.V. decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,321 shares of the business services provider's stock after selling 29,102 shares during the quarter. APG Asset Management N.V. owned approximately 0.09% of Republic Services worth $62,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings 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 valued at $26,000 after buying an additional 106 shares during the period. Capital Management Associates Inc purchased a new stake in Republic Services in the 1st quarter valued at about $314,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Republic Services by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider's stock valued at $136,397,000 after buying an additional 4,110 shares during the period. Sowell Financial Services LLC purchased a new stake in Republic Services in the 1st quarter valued at about $260,000. Finally, GAMMA Investing LLC raised its holdings in Republic Services by 61.6% in the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock valued at $2,226,000 after buying an additional 3,503 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This represents a 0.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company's stock.

Republic Services Stock Down 0.6%

RSG opened at $234.1310 on Friday. 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 cap of $73.10 billion, a P/E ratio of 34.63, a PEG ratio of 3.67 and a beta of 0.60. Republic Services, Inc. has a 52 week low of $197.60 and a 52 week high of $258.75. The business's fifty day simple moving average is $240.12 and its 200 day simple moving average is $240.39.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Melius assumed coverage on shares of Republic Services in a report on Monday, June 9th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Citigroup boosted their price target on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada restated an "outperform" rating and set a $266.00 target price on shares of Republic Services in a research note on Friday, April 25th. Finally, William Blair restated an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $262.17.

Republic Services 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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