Bryn Mawr Trust Advisors LLC Sells 797 Shares of Republic Services, Inc. $RSG

Bryn Mawr Trust Advisors LLC cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 21.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,943 shares of the business services provider’s stock after selling 797 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Republic Services were worth $726,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RSG. BNP Paribas Financial Markets boosted its holdings in shares of Republic Services by 10.0% in the first 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 last quarter. Zurich Insurance Group Ltd FI bought a new position in Republic Services in the first quarter worth approximately $22,078,000. Ascent Group LLC grew its position in shares of Republic Services by 6.3% during the 2nd quarter. Ascent Group LLC now owns 19,063 shares of the business services provider’s stock valued at $4,701,000 after acquiring an additional 1,130 shares during the period. Advyzon Investment Management LLC purchased a new stake in shares of Republic Services in the 1st quarter worth $272,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Republic Services by 5.9% in 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 period. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 price target on shares of Republic Services in a research report on Friday, October 31st. Oppenheimer set a $256.00 price target on Republic Services in a research note on Friday, October 31st. Barclays assumed coverage on Republic Services in a research report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective on the stock. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the company a “buy” rating in a research note on Monday. Finally, Citigroup dropped their price target on Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Two 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. According to data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.85.

Republic Services Trading Up 0.7%

Shares of RSG opened at $205.60 on Friday. The stock has a market capitalization of $64.19 billion, a PE ratio of 30.41, a P/E/G ratio of 3.40 and a beta of 0.57. The company’s fifty day moving average is $222.86 and its 200 day moving average is $236.44. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. Republic Services, Inc. has a fifty-two week low of $199.43 and a fifty-two week high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings results 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 the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 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 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 4,060 shares in the company, 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 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.