Republic Services, Inc. $RSG Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. decreased its position in Republic Services, Inc. (NYSE:RSG) by 60.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 104,812 shares of the business services provider’s stock after selling 159,103 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Republic Services were worth $25,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in RSG. C WorldWide Group Holding A S acquired a new position in shares of Republic Services in the 1st quarter worth approximately $230,013,000. Nuveen LLC acquired a new position in shares of Republic Services in the 1st quarter worth approximately $198,685,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Republic Services by 118.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after purchasing an additional 437,190 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Republic Services by 27.9% during 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 valued at $427,009,000 after purchasing an additional 384,695 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Republic Services by 16.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,764 shares of the business services provider’s stock valued at $394,906,000 after purchasing an additional 225,835 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.7%

Shares of Republic Services stock opened at $224.14 on Friday. The firm has a market capitalization of $69.98 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 3.50 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. 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 stock’s fifty day moving average is $231.45 and its 200-day moving average is $240.24.

Republic Services (NYSE:RSG) 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. 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 during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company posted $1.61 EPS. The business’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. Equities analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current 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. 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. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is 36.98%.

Insider Buying and Selling at Republic Services

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. This represents a 64.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company’s stock in a transaction on 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 transaction, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. The trade was 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.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RSG shares. Citigroup reduced their price objective on Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a research note on Saturday, September 27th. BMO Capital Markets lifted their target price on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. UBS Group set a $260.00 target price on Republic Services and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Melius began coverage on Republic Services in a research note on Monday, June 9th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $260.58.

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.