Republic Services, Inc. $RSG Shares Sold by Groupe la Francaise

Key Points

• Groupe la Francaise decreased its holdings in Republic Services by 26.9%, now owning 30,804 shares worth approximately $7.33 million after selling 11,334 shares.
• Republic Services recently announced a quarterly dividend increase to $0.625 per share, with the ex-dividend date set for October 2nd.
• Several analysts have raised their price targets for Republic Services, with a consensus rating of "Moderate Buy" and an average price target of $262.17.

Groupe la Francaise trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 26.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,804 shares of the business services provider's stock after selling 11,334 shares during the period. Groupe la Francaise's holdings in Republic Services were worth $7,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC raised its holdings 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 during the period. Capital Management Associates Inc acquired a new stake in shares of Republic Services during the first quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Republic Services by 0.7% during 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 purchasing an additional 4,110 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Republic Services during the first quarter worth $260,000. Finally, GAMMA Investing LLC raised its holdings in shares of Republic Services by 61.6% during the first 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 period. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

Republic Services Stock Performance

Shares of RSG opened at $234.1310 on Friday. The firm has a 50-day moving average price of $240.12 and a 200 day moving average price of $240.39. The firm has a market capitalization of $73.10 billion, a PE ratio of 34.63, a P/E/G ratio of 3.67 and a beta of 0.60. 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 52-week low of $197.60 and a 52-week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. Republic Services's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal 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 given a dividend of $0.625 per share. This is a positive change 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 payout ratio is 34.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird upped their price target on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Wall Street Zen lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. UBS Group set a $260.00 price target on shares of Republic Services and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Scotiabank upped their price target on shares of Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. 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 company's stock. According to MarketBeat, Republic Services presently 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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