Y Intercept Hong Kong Ltd Takes Position in Republic Services, Inc. $RSG

Y Intercept Hong Kong Ltd acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,638 shares of the business services provider’s stock, valued at approximately $404,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Republic Services by 10.0% during the 1st quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock worth $116,048,000 after buying an additional 43,387 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Republic Services during the first quarter worth about $22,078,000. Ascent Group LLC lifted its stake in shares of Republic Services by 6.3% in the second quarter. Ascent Group LLC now owns 19,063 shares of the business services provider’s stock worth $4,701,000 after acquiring an additional 1,130 shares during the period. Advyzon Investment Management LLC bought a new stake in Republic Services in the first quarter valued at approximately $272,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Republic Services by 5.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,699 shares of the business services provider’s stock worth $7,817,000 after purchasing an additional 1,769 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the purchase, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $1,716,651.72. Following the sale, the executive vice president directly owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

Shares of RSG opened at $205.60 on Friday. Republic Services, Inc. has a one year low of $199.43 and a one year high of $258.75. The company has a market cap of $63.65 billion, a PE ratio of 30.41, a P/E/G ratio of 3.40 and a beta of 0.57. The stock has a 50-day moving average of $222.86 and a 200-day moving average of $236.44. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, January 2nd. Republic Services’s payout ratio is 37.20%.

Analyst Ratings Changes

A number of research firms have recently commented on RSG. BMO Capital Markets upped their price objective on shares of Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Scotiabank decreased their price target on Republic Services from $250.00 to $246.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Citigroup dropped their price objective 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. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Finally, Jefferies Financial Group set a $248.00 target price on Republic Services and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.85.

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.