VCI Wealth Management LLC Buys 583 Shares of Republic Services, Inc. $RSG

VCI Wealth Management LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 11.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,656 shares of the business services provider’s stock after purchasing an additional 583 shares during the period. VCI Wealth Management LLC’s holdings in Republic Services were worth $1,395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC raised its stake in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 106 shares during the period. Capital Management Associates Inc bought a new stake in Republic Services in the 1st quarter valued at $314,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Republic Services by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider’s stock valued at $136,397,000 after acquiring an additional 4,110 shares during the period. GAMMA Investing LLC raised its stake 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 valued at $2,226,000 after acquiring an additional 3,503 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Republic Services by 10.0% in the 1st quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock valued at $116,048,000 after acquiring an additional 43,387 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RSG shares. Stifel Nicolaus started coverage on Republic Services in a research note on Monday, September 29th. They issued a “buy” rating and a $257.00 price target on the stock. National Bankshares dropped their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. Barclays started coverage on Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price objective on the stock. Raymond James Financial set a $260.00 price objective on Republic Services and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Scotiabank set a $250.00 price objective on Republic Services in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.10.

Republic Services Stock Performance

RSG opened at $220.13 on Tuesday. The firm has a market cap of $68.73 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 3.56 and a beta of 0.59. Republic Services, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The business’s fifty day moving average is $228.57 and its 200-day moving average is $238.93.

Republic Services (NYSE:RSG) last released its earnings results 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. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd were 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 of this dividend was Thursday, October 2nd. Republic Services’s payout ratio is 36.98%.

Insider Activity

In related news, EVP Gregg Brummer sold 7,338 shares of the firm’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 directly owned 4,060 shares of the company’s stock, valued at $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired 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. This 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.

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.