Freedom Investment Management Inc. Has $1.07 Million Holdings in Republic Services, Inc. $RSG

Freedom Investment Management Inc. decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 17.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,426 shares of the business services provider’s stock after selling 943 shares during the period. Freedom Investment Management Inc.’s holdings in Republic Services were worth $1,072,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RSG. Brighton Jones LLC grew its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares during the period. MML Investors Services LLC grew its position in Republic Services by 1.6% in the 4th quarter. MML Investors Services LLC now owns 19,405 shares of the business services provider’s stock valued at $3,904,000 after purchasing an additional 314 shares during the period. Integrated Wealth Concepts LLC grew its position in Republic Services by 11.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 5,439 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 569 shares during the period. Coldstream Capital Management Inc. grew its position in Republic Services by 54.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,119 shares of the business services provider’s stock valued at $1,030,000 after purchasing an additional 1,799 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Republic Services in the 4th quarter valued at $7,917,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on RSG shares. Melius Research raised shares of Republic Services to a “hold” rating and set a $281.00 price target for the company in a research report on Monday, June 9th. Scotiabank lifted their price target on shares of Republic Services from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, July 18th. Oppenheimer raised their price objective on Republic Services from $262.00 to $268.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Republic Services from $229.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Finally, Citigroup raised their price objective on Republic Services from $265.00 to $278.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.17.

Republic Services Trading Down 0.6%

NYSE RSG opened at $234.1310 on Monday. The stock has a market capitalization of $73.10 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 3.66 and a beta of 0.60. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The business’s fifty day moving average is $240.12 and its 200-day moving average is $240.66.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the business posted $1.61 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current 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 issued a $0.625 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s payout ratio is 34.32%.

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.