Republic Services, Inc. $RSG Shares Sold by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA reduced its stake in Republic Services by 35.9%, selling 59,230 shares and ending the quarter with 105,963 shares valued at approximately $25.82 million.
• Republic Services announced a quarterly dividend of $0.625, an increase from its previous dividend, representing a 1.1% yield with a payout ratio of 36.98%.
• After the latest earnings report, which showed an EPS of $1.77, analysts have set an average price target of $260.58 for the stock, with a consensus rating of "Moderate Buy".

Union Bancaire Privee UBP SA trimmed its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 35.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,963 shares of the business services provider's stock after selling 59,230 shares during the period. Union Bancaire Privee UBP SA's holdings in Republic Services were worth $25,820,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC boosted its stake in Republic Services by 4.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock valued at $279,000 after acquiring an additional 46 shares during the last quarter. Gries Financial LLC boosted its stake in Republic Services by 3.8% during the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider's stock valued at $308,000 after acquiring an additional 46 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Republic Services by 17.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider's stock valued at $75,000 after acquiring an additional 46 shares during the last quarter. Hemington Wealth Management boosted its stake in Republic Services by 6.2% during the 1st quarter. Hemington Wealth Management now owns 806 shares of the business services provider's stock valued at $195,000 after acquiring an additional 47 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in Republic Services by 2.1% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider's stock valued at $589,000 after acquiring an additional 48 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

Republic Services stock opened at $228.91 on Tuesday. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The firm's 50 day simple moving average is $232.89 and its 200-day simple moving average is $240.53. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $71.47 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 3.56 and a beta of 0.59.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.26 billion. During the same period in the prior year, the business earned $1.61 EPS. The business's revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current 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 paid a $0.625 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 annualized dividend and a 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 currently 36.98%.

Insider Buying and Selling

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares of the company's stock, valued at $949,796.40. This trade represents a 64.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the stock in a transaction dated Tuesday, August 19th. The shares were bought 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. This represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RSG has been the topic of a number of research analyst reports. Scotiabank increased their price objective on shares of Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Melius assumed coverage on shares of Republic Services in a research report on Monday, June 9th. They issued a "hold" rating on the stock. Citigroup reduced their price target on shares of Republic Services from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. 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, Raymond James Financial raised their price target on shares of Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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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