TFG Advisers LLC Purchases 247 Shares of Republic Services, Inc. $RSG

TFG Advisers LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 27.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,157 shares of the business services provider’s stock after buying an additional 247 shares during the quarter. TFG Advisers LLC’s holdings in Republic Services were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RSG. C WorldWide Group Holding A S bought a new position in Republic Services in the first quarter valued at approximately $230,013,000. Nuveen LLC bought a new position in Republic Services in the first quarter valued at approximately $198,685,000. Robeco Institutional Asset Management B.V. grew its stake in Republic Services by 118.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock valued at $198,869,000 after purchasing an additional 437,190 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Republic Services by 27.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider’s stock valued at $427,009,000 after purchasing an additional 384,695 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Republic Services in the first quarter valued at approximately $63,910,000. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction on 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 owned 4,060 shares in the company, valued at $949,796.40. The trade was 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 firm’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Republic Services Trading Down 1.0%

Shares of RSG opened at $227.28 on Thursday. The firm has a market cap of $70.96 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 3.58 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 $232.32 and its 200-day moving average is $240.36.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s dividend payout ratio is presently 34.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group set a $260.00 target price on Republic Services and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Stifel Nicolaus started coverage on Republic Services in a research note on Monday. They set a “buy” rating and a $257.00 target price for the company. Melius Research raised Republic Services to a “hold” rating and set a $281.00 price target for the company in a report on Monday, June 9th. BMO Capital Markets lifted their price target on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Oppenheimer lifted their price target on Republic Services from $262.00 to $268.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.58.

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.