Republic Services, Inc. $RSG Shares Sold by Fiduciary Family Office LLC

Fiduciary Family Office LLC cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 2.1% in the second quarter, HoldingsChannel.com reports. The fund owned 5,201 shares of the business services provider’s stock after selling 110 shares during the period. Fiduciary Family Office LLC’s holdings in Republic Services were worth $1,283,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Triton Financial Group Inc acquired a new position in Republic Services during the second quarter worth $1,988,000. VCI Wealth Management LLC raised its position in Republic Services by 11.5% during the second quarter. VCI Wealth Management LLC now owns 5,656 shares of the business services provider’s stock worth $1,395,000 after acquiring an additional 583 shares during the period. Phoenix Financial Ltd. acquired a new position in Republic Services during the second quarter worth $616,000. Princeton Global Asset Management LLC raised its position in Republic Services by 6.4% during the second quarter. Princeton Global Asset Management LLC now owns 12,494 shares of the business services provider’s stock worth $3,081,000 after acquiring an additional 753 shares during the period. Finally, Accretive Wealth Partners LLC raised its position in shares of Republic Services by 0.9% in the second quarter. Accretive Wealth Partners LLC now owns 11,989 shares of the business services provider’s stock valued at $2,957,000 after buying an additional 102 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In other Republic Services 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 sale, the executive vice president directly owned 4,060 shares in the company, valued at $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average price 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 of the company’s stock, 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. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Raymond James Financial set a $260.00 target price on shares of Republic Services and gave the company an “outperform” rating in a research report on Monday, October 6th. National Bankshares reduced their target price on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Barclays assumed coverage on shares of Republic Services in a research report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price for the company. Scotiabank set a $250.00 target price on shares of Republic Services in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Republic Services Price Performance

Republic Services stock opened at $220.13 on Tuesday. Republic Services, Inc. has a 12-month low of $197.60 and a 12-month high of $258.75. The stock has a market cap of $68.73 billion, a P/E ratio of 32.56, a PEG ratio of 3.56 and a beta of 0.59. The company has a 50-day moving average price of $228.57 and a 200 day moving average price of $238.93. 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 (NYSE:RSG) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.26 billion. During the same period last year, the business earned $1.61 earnings per share. Republic Services’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. Sell-side 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 declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were given a dividend of $0.625 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 36.98%.

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.