Sfm LLC Purchases 2,139 Shares of Republic Services, Inc. $RSG

Key Points

• Sfm LLC increased its holdings in Republic Services, Inc. by 53.2% during the 2nd quarter, acquiring an additional 2,139 shares, bringing its total to 6,158 shares valued at about $1.52 million.
• The company recently declared a quarterly dividend of $0.625 per share, up from the previous $0.58, representing a 1.1% yield.
• Republic Services reported $1.77 earnings per share for its last quarter, exceeding analysts' expectations, and has set its FY 2025 EPS guidance in the range of 6.820-6.900.

Sfm LLC lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 53.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,158 shares of the business services provider's stock after purchasing an additional 2,139 shares during the period. Republic Services comprises approximately 1.0% of Sfm LLC's holdings, making the stock its 25th biggest position. Sfm LLC's holdings in Republic Services were worth $1,519,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its stake in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after acquiring an additional 106 shares during the last quarter. Capital Management Associates Inc bought a new position in Republic Services in the 1st quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. lifted its position in 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 valued at $136,397,000 after purchasing an additional 4,110 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Republic Services during the first quarter valued at about $260,000. Finally, GAMMA Investing LLC increased its position in Republic Services by 61.6% in the first quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider's stock worth $2,226,000 after buying an additional 3,503 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

RSG stock opened at $228.31 on Friday. 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's fifty day moving average price is $233.11 and its 200-day moving average price is $240.47. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The company has a market capitalization of $71.28 billion, a PE ratio of 33.77, 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 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 company had revenue of $4.24 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, October 2nd. 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 yield of 1.1%. Republic Services's dividend payout ratio is currently 34.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Scotiabank lifted their price objective on Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Oppenheimer raised their target price on shares of Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Melius Research upgraded shares of Republic Services to a "hold" rating and set a $281.00 price target for the company in a research report on Monday, June 9th. Raymond James Financial raised their price objective on shares of Republic Services from $257.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, UBS Group set a $260.00 target price on shares of Republic Services and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and an average target price of $260.58.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction on 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 purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president owned 4,060 shares of the company's stock, valued at $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company's stock.

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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