RFG Advisory LLC Has $1.87 Million Stake in Republic Services, Inc. $RSG

Key Points

• RFG Advisory LLC reduced its stake in Republic Services, Inc. by 26.2% in the second quarter, now holding shares worth approximately $1.87 million.
• Republic Services reported quarterly earnings of $1.77 EPS, slightly above analysts' consensus estimates, with revenue of $4.24 billion, a year-over-year increase of 4.6%.
• The company recently increased its quarterly dividend to $0.625 per share, up from $0.58, reflecting a 1.1% dividend yield.

RFG Advisory LLC decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,578 shares of the business services provider's stock after selling 2,697 shares during the quarter. RFG Advisory LLC's holdings in Republic Services were worth $1,869,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Republic Services by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 18,761,276 shares of the business services provider's stock worth $4,543,231,000 after buying an additional 170,548 shares during the period. Wellington Management Group LLP grew its holdings in Republic Services by 0.7% during the first quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider's stock valued at $1,438,237,000 after purchasing an additional 42,019 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Republic Services by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider's stock valued at $1,292,050,000 after purchasing an additional 17,711 shares during the period. JPMorgan Chase & Co. grew its holdings in Republic Services by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider's stock valued at $695,541,000 after purchasing an additional 119,158 shares during the period. Finally, TD Asset Management Inc grew its holdings in Republic Services by 12.4% during the first quarter. TD Asset Management Inc now owns 2,043,812 shares of the business services provider's stock valued at $494,930,000 after purchasing an additional 224,867 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Performance

Shares of RSG stock opened at $220.91 on Thursday. The company's fifty day simple moving average is $229.57 and its 200-day simple moving average is $239.47. 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 $68.97 billion, a PE ratio of 32.68, a P/E/G ratio of 3.63 and a beta of 0.59. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. The business had revenue of $4.24 billion for 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%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd were given a $0.625 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, October 2nd. Republic Services's payout ratio is presently 36.98%.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the transaction, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the sale, the executive vice president directly 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 disclosure for this sale can be found here. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on RSG shares. Stifel Nicolaus started coverage on shares of Republic Services in a report on Monday, September 29th. They set a "buy" rating and a $257.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Republic Services from $275.00 to $260.00 and set a "neutral" rating for the company in a report on Tuesday. UBS Group set a $260.00 price objective on shares of Republic Services and gave the company a "neutral" rating in a report on Wednesday, July 30th. Citigroup decreased their price objective on shares of Republic Services from $280.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Finally, BMO Capital Markets lifted their price target on shares of Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $258.10.

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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