Cwm LLC Buys 996 Shares of Republic Services, Inc. $RSG

Cwm LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,890 shares of the business services provider’s stock after buying an additional 996 shares during the period. Cwm LLC’s holdings in Republic Services were worth $2,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OFI Invest Asset Management raised its position in shares of Republic Services by 14.8% during the second quarter. OFI Invest Asset Management now owns 201,463 shares of the business services provider’s stock valued at $49,683,000 after buying an additional 25,967 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Republic Services by 20.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,270 shares of the business services provider’s stock valued at $8,453,000 after buying an additional 5,857 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Republic Services by 18.2% during the second quarter. Concurrent Investment Advisors LLC now owns 15,550 shares of the business services provider’s stock valued at $3,835,000 after buying an additional 2,392 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of Republic Services by 6.5% during the second quarter. Apollon Wealth Management LLC now owns 11,664 shares of the business services provider’s stock valued at $2,877,000 after buying an additional 717 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Republic Services by 7.9% during the second quarter. Fifth Third Wealth Advisors LLC now owns 2,451 shares of the business services provider’s stock valued at $604,000 after buying an additional 180 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. National Bankshares reduced their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the stock an “outperform” rating in a research report on Monday, October 6th. BMO Capital Markets boosted their price target on shares of Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their price target on shares of Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. Two investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.10.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the stock in a transaction dated Tuesday, August 19th. The stock was 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 $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction on 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 sale, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. This 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 Stock Up 0.7%

NYSE RSG opened at $219.87 on Friday. 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 company has a fifty day moving average of $228.91 and a two-hundred day moving average of $239.14. The firm has a market capitalization of $68.65 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 3.53 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.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. Republic Services’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd were paid a dividend of $0.625 per share. This is an increase 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 of this dividend was Thursday, October 2nd. Republic Services’s payout ratio is presently 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.