Republic Services, Inc. $RSG Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 16.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 978,135 shares of the business services provider’s stock after selling 197,183 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.31% of Republic Services worth $236,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RSG. Brighton Jones LLC increased its stake in Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. MML Investors Services LLC increased its stake in Republic Services by 1.6% during the fourth quarter. MML Investors Services LLC now owns 19,405 shares of the business services provider’s stock worth $3,904,000 after purchasing an additional 314 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Republic Services by 11.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 5,439 shares of the business services provider’s stock worth $1,094,000 after buying an additional 569 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of Republic Services by 54.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,119 shares of the business services provider’s stock worth $1,030,000 after buying an additional 1,799 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Republic Services during the fourth quarter worth about $7,917,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the business’s stock in a transaction dated 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 purchase, the insider directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Republic Services Price Performance

RSG stock opened at $234.1310 on Monday. The company has a market capitalization of $73.10 billion, a P/E ratio of 34.63, a PEG ratio of 3.66 and a beta of 0.60. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The business has a 50 day simple moving average of $240.12 and a 200-day simple moving average of $240.66. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.01. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities analysts anticipate 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. Stockholders of record on Thursday, October 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s dividend payout ratio is currently 34.32%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RSG. Melius Research raised Republic Services to a “hold” rating and set a $281.00 price objective for the company in a research report on Monday, June 9th. Seaport Res Ptn raised Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. Citigroup boosted their price objective on Republic Services from $265.00 to $278.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Scotiabank upped their price target on Republic Services from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, July 18th. Finally, Melius assumed coverage on Republic Services in a report on Monday, June 9th. They issued a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $262.17.

Republic Services Company 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.