Fiduciary Alliance LLC lowered its position in Republic Services, Inc. (NYSE:RSG – Free Report) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,336 shares of the business services provider’s stock after selling 5,150 shares during the quarter. Fiduciary Alliance LLC’s holdings in Republic Services were worth $7,662,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of RSG. Wealth Watch Advisors INC purchased a new stake in Republic Services in the third quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new position in Republic Services during the 4th quarter valued at about $25,000. Ameriflex Group Inc. purchased a new stake in shares of Republic Services in the 3rd quarter worth approximately $29,000. Prosperity Bancshares Inc purchased a new stake in Republic Services during the fourth quarter worth $30,000. Finally, Sound Income Strategies LLC bought a new stake in Republic Services during the fourth quarter valued at about $32,000. 57.73% of the stock is owned by institutional investors.
Insider Activity
In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 60,700 shares of the stock in a transaction on Monday, May 18th. The stock was bought at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the acquisition, the insider directly owned 110,803,982 shares of the company’s stock, valued at $23,635,597,400.42. This represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director directly owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders purchased a total of 987,150 shares of company stock worth $202,366,682 over the last quarter. Insiders own 0.12% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Research Report on Republic Services
Republic Services Trading Up 2.2%
Shares of Republic Services stock opened at $213.71 on Thursday. The company has a market capitalization of $65.75 billion, a P/E ratio of 30.66, a PEG ratio of 3.44 and a beta of 0.41. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $250.55. The company’s fifty day moving average is $207.11 and its two-hundred day moving average is $214.06. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67.
Republic Services (NYSE:RSG – Get Free Report) last issued its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Republic Services, Inc. will post 7.28 earnings per share for the current year.
Republic Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s payout ratio is currently 36.15%.
Republic Services Profile
Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.
Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.
Read More
- Five stocks we like better than Republic Services
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG – Free Report).
Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.
