Prime Capital Investment Advisors LLC Sells 495 Shares of Republic Services, Inc. $RSG

Prime Capital Investment Advisors LLC reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 7.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,759 shares of the business services provider’s stock after selling 495 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Republic Services were worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its position in Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after buying an additional 106 shares during the last quarter. Capital Management Associates Inc bought a new stake in Republic Services in the first quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Republic Services by 0.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider’s stock worth $136,397,000 after buying an additional 4,110 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Republic Services in the first quarter worth $260,000. Finally, GAMMA Investing LLC lifted 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 during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average price 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 approximately $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the business’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 sale, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Raymond James Financial set a $260.00 price target on Republic Services and gave the stock an “outperform” rating in a research report on Monday. UBS Group set a $260.00 target price on Republic Services and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Oppenheimer reduced their target price on Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday. Citigroup reduced their target price on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, Stifel Nicolaus initiated coverage on Republic Services in a research note on Monday, September 29th. They issued a “buy” rating and a $257.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.35.

Republic Services Stock Performance

Shares of Republic Services stock opened at $225.37 on Thursday. The firm has a market cap of $70.36 billion, a P/E ratio of 33.34, a P/E/G ratio of 3.47 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The stock’s fifty day moving average price is $230.49 and its 200-day moving average price is $239.98.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (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 company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The firm’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. On average, equities research analysts expect 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 $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.1%. This is a boost from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, October 2nd. Republic Services’s payout ratio is presently 36.98%.

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.