Republic Services, Inc. $RSG Stock Holdings Lowered by Generate Investment Management Ltd

Key Points

• Generate Investment Management Ltd has reduced its holdings in Republic Services by 24.5%, owning 30,251 shares valued at approximately $7.46 million after selling 9,826 shares.
• Several investors, including Golden State Wealth Management LLC and GAMMA Investing LLC, have increased their positions in Republic Services significantly during the first quarter.
• Republic Services has announced a quarterly dividend increase to $0.625 per share, reflecting an annual yield of 1.1%, with a payout date set for October 15th.

Generate Investment Management Ltd trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 24.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,251 shares of the business services provider's stock after selling 9,826 shares during the period. Generate Investment Management Ltd's holdings in Republic Services were worth $7,460,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RSG. Golden State Wealth Management LLC boosted its position in shares of 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 purchasing an additional 106 shares during the period. Capital Management Associates Inc purchased a new stake in Republic Services during the first quarter valued at about $314,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Republic Services by 0.7% in 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 buying an additional 4,110 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Republic Services in the first quarter worth approximately $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 valued at $2,226,000 after acquiring an additional 3,503 shares during the period. 57.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the 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 completion of the purchase, 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 disclosure for this purchase can be found here. Insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on RSG. Melius initiated coverage on shares of Republic Services in a research report on Monday, June 9th. They set a "hold" rating on the stock. UBS Group set a $260.00 target price on Republic Services and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Barclays began coverage on Republic Services in a research report on Friday, September 19th. They set an "equal weight" rating and a $240.00 price target on the stock. Oppenheimer raised their price objective on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Finally, Melius Research upgraded Republic Services to a "hold" rating and set a $281.00 target price on the stock in a report on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and an average target price of $260.58.

Republic Services Stock Up 0.6%

Shares of RSG opened at $228.31 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The company has a 50-day simple moving average of $233.11 and a 200-day simple moving average of $240.55. Republic Services, Inc. has a 52 week low of $197.60 and a 52 week high of $258.75. The firm has a market capitalization of $71.28 billion, a P/E ratio of 33.77, a P/E/G ratio of 3.56 and a beta of 0.59.

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, 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 for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The company's quarterly revenue 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. On average, equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

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

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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