Republic Services, Inc. $RSG Position Increased by Capital Investment Advisors LLC

Capital Investment Advisors LLC raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,207 shares of the business services provider’s stock after buying an additional 210 shares during the quarter. Capital Investment Advisors LLC’s holdings in Republic Services were worth $2,517,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Republic Services by 75.8% during the fourth 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. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Republic Services by 3.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,271 shares of the business services provider’s stock worth $550,000 after purchasing an additional 80 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Republic Services by 9.7% during the first quarter. Merit Financial Group LLC now owns 2,976 shares of the business services provider’s stock worth $721,000 after purchasing an additional 264 shares during the period. RFG Advisory LLC boosted its holdings in shares of Republic Services by 2.4% during the first quarter. RFG Advisory LLC now owns 10,275 shares of the business services provider’s stock worth $2,488,000 after purchasing an additional 239 shares during the period. Finally, Crestmont Private Wealth LLC acquired a new stake in shares of Republic Services during the first quarter worth approximately $202,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Scotiabank raised their price target on shares of Republic Services from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, July 18th. Oppenheimer raised their price objective on shares of Republic Services from $262.00 to $268.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Barclays started coverage on shares of 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. Melius started coverage on shares of Republic Services in a research report on Monday, June 9th. They issued a “hold” rating on the stock. Finally, Melius Research raised shares of Republic Services to a “hold” rating and set a $281.00 price target on the stock in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $260.58.

Republic Services Price Performance

Shares of NYSE RSG opened at $229.52 on Wednesday. The firm has a market capitalization of $71.66 billion, a P/E ratio of 33.95, a P/E/G ratio of 3.57 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock’s 50-day simple moving average is $232.64 and its two-hundred day simple moving average is $240.45. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities analysts anticipate 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 will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a $0.625 dividend. The ex-dividend date is Thursday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is presently 34.32%.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average cost of $234.91 per share, for a total transaction 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. This represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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 approximately $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

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.