Trust Co. of Oklahoma Buys New Position in Republic Services, Inc. $RSG

Key Points

• Trust Co. of Oklahoma has acquired a new stake in Republic Services, Inc., purchasing 2,264 shares valued at approximately $558,000 during the second quarter.
• Republic Services reported an earnings per share (EPS) of $1.77 for the latest quarter, slightly exceeding consensus estimates, while revenue increased by 4.6% year-over-year.
• The company announced a quarterly dividend of $0.625 per share, marking an increase from the previous dividend and highlighting a current dividend yield of 1.1%.

Trust Co. of Oklahoma purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,264 shares of the business services provider's stock, valued at approximately $558,000.

Several other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Republic Services by 39,024.4% during the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider's stock valued at $539,091,000 after buying an additional 2,220,487 shares during the period. C WorldWide Group Holding A S bought a new stake in Republic Services during the 1st quarter valued at approximately $230,013,000. Nuveen LLC purchased a new position in shares of Republic Services during the 1st quarter worth approximately $198,685,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Republic Services by 27.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider's stock worth $427,009,000 after acquiring an additional 384,695 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Republic Services during the first quarter valued at approximately $63,910,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

Shares of RSG opened at $228.46 on Friday. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The company has a market capitalization of $71.33 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 3.62 and a beta of 0.59. The firm has a 50 day moving average of $235.93 and a 200 day moving average of $240.97. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $1.77 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 business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the business posted $1.61 EPS. The company's 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. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business 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. The ex-dividend date is Thursday, October 2nd. 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. Republic Services's dividend payout ratio (DPR) is currently 34.32%.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of Republic Services stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider directly owned 109,816,832 shares of the company's stock, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction of $1,716,651.72. Following the transaction, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James Financial increased their price objective on Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. National Bank Financial upgraded shares of Republic Services to a "hold" rating in a research note on Monday, May 26th. BMO Capital Markets boosted their price objective on shares of Republic Services from $280.00 to $284.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Melius began coverage on shares of Republic Services in a research note on Monday, June 9th. They set a "hold" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $262.17.

About Republic Services

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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