Villere ST Denis J & Co. LLC Boosts Stake in Republic Services, Inc. $RSG

Villere ST Denis J & Co. LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 31.5% during the second quarter, Holdings Channel.com reports. The firm owned 81,012 shares of the business services provider’s stock after acquiring an additional 19,420 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Republic Services were worth $19,978,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in RSG. Brighton Jones LLC raised its position in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. GAMMA Investing LLC raised its position in Republic Services by 61.6% in the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock worth $2,226,000 after purchasing an additional 3,503 shares during the period. Assenagon Asset Management S.A. raised its position in Republic Services by 1.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,724 shares of the business services provider’s stock worth $1,386,000 after purchasing an additional 81 shares during the period. CX Institutional raised its position in Republic Services by 10.8% in the 1st quarter. CX Institutional now owns 2,346 shares of the business services provider’s stock worth $568,000 after purchasing an additional 228 shares during the period. Finally, Bensler LLC raised its position in Republic Services by 31.9% in the 1st quarter. Bensler LLC now owns 27,283 shares of the business services provider’s stock worth $6,607,000 after purchasing an additional 6,591 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. This trade represents a 64.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of analyst reports. UBS Group set a $260.00 target price on shares of Republic Services and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Citigroup cut their price target 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. BMO Capital Markets raised their price target on shares of Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Barclays began coverage on shares of Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Republic Services in a report on Monday, September 29th. They issued a “buy” rating and a $257.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $258.85.

Republic Services Trading Up 1.6%

Shares of RSG opened at $225.16 on Friday. The firm’s 50-day moving average price is $230.18 and its 200-day moving average price is $239.80. The firm has a market capitalization of $70.30 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 3.58 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 1-year low of $197.60 and a 1-year high of $258.75.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given 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 yield of 1.1%. Republic Services’s dividend payout ratio is 36.98%.

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.