Trivium Point Advisory LLC Reduces Position in Republic Services, Inc. $RSG

Key Points

• Trivium Point Advisory LLC reduced its stake in Republic Services by 19.3% in the second quarter, owning 7,301 shares worth $1.8 million.
• Republic Services announced a quarterly dividend of $0.625 per share, marking an increase from the previous dividend of $0.58.
• The company reported $1.77 earnings per share for the last quarter, slightly beating analysts' expectations.

Trivium Point Advisory LLC lowered its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 19.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,301 shares of the business services provider's stock after selling 1,742 shares during the period. Trivium Point Advisory LLC's holdings in Republic Services were worth $1,800,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Capital Investment Advisors LLC grew its position in shares of Republic Services by 2.1% during the second quarter. Capital Investment Advisors LLC now owns 10,207 shares of the business services provider's stock worth $2,517,000 after buying an additional 210 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Republic Services by 4.5% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,288 shares of the business services provider's stock valued at $318,000 after acquiring an additional 55 shares during the last quarter. GC Wealth Management RIA LLC acquired a new position in Republic Services during the 2nd quarter worth $616,000. Global Trust Asset Management LLC grew its holdings in Republic Services by 133.3% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,400 shares of the business services provider's stock worth $345,000 after acquiring an additional 800 shares in the last quarter. Finally, Investment Advisory Services Inc. TX ADV bought a new stake in shares of Republic Services in the 2nd quarter worth about $213,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 0.3%

Republic Services stock opened at $228.91 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The company has a 50-day simple moving average of $232.89 and a 200-day simple moving average of $240.53. The firm has a market capitalization of $71.47 billion, a P/E ratio of 33.86, a P/E/G ratio of 3.56 and a beta of 0.59.

Republic Services (NYSE:RSG - Get Free Report) last posted 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. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the business posted $1.61 EPS. Republic Services's revenue 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 analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio (DPR) is presently 36.98%.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of research reports. Oppenheimer lifted their price target on 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 Republic Services to a "hold" rating and set a $281.00 target price for the company in a research report on Monday, June 9th. Raymond James Financial lifted their price objective on shares of Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Citigroup dropped their target price on shares of Republic Services from $280.00 to $270.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Finally, Melius initiated coverage on shares of Republic Services in a report on Monday, June 9th. They issued a "hold" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.58.

Insiders Place Their Bets

In related news, EVP Gregg Brummer sold 7,338 shares of the company's stock in a transaction dated 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the transaction, the insider directly 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. 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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