OMERS ADMINISTRATION Corp Has $1.91 Million Position in Republic Services, Inc. $RSG

OMERS ADMINISTRATION Corp cut its position in Republic Services, Inc. (NYSE:RSG) by 14.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,883 shares of the business services provider’s stock after selling 1,309 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Republic Services were worth $1,909,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSG. Golden State Wealth Management LLC raised its position in shares of Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. Key Financial Inc raised its position in shares of Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. TCTC Holdings LLC increased its position in Republic Services by 113.8% during the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Elequin Capital LP acquired a new position in Republic Services during the 1st quarter worth approximately $30,000. Finally, Park Square Financial Group LLC acquired a new position in Republic Services during the 4th quarter worth approximately $44,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 0.5%

NYSE:RSG opened at $234.23 on Friday. The firm’s fifty day moving average is $238.66 and its 200-day moving average is $240.93. 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 52 week low of $197.60 and a 52 week high of $258.75. The firm has a market cap of $73.13 billion, a P/E ratio of 34.65, a P/E/G ratio of 3.65 and a beta of 0.60.

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, beating analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the firm posted $1.61 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share 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 paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s payout ratio is currently 34.32%.

Insider Buying and Selling at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of the 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average cost of $234.91 per share, for a total transaction 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 represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RSG has been the subject of a number of research analyst reports. Melius initiated coverage on shares of Republic Services in a research report on Monday, June 9th. They set a “hold” rating for the company. Raymond James Financial upped their price objective on shares of Republic Services from $257.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. UBS Group set a $260.00 price objective on shares of Republic Services and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Oppenheimer upped their price objective on shares of Republic Services from $262.00 to $268.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Finally, Seaport Res Ptn upgraded shares of Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. 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 data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.17.

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.