Republic Services, Inc. $RSG Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co lessened its stake in Republic Services, Inc. (NYSE:RSG) by 17.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 925 shares of the business services provider’s stock after selling 200 shares during the quarter. Bath Savings Trust Co’s holdings in Republic Services were worth $228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Republic Services by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 18,761,276 shares of the business services provider’s stock valued at $4,543,231,000 after buying an additional 170,548 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Republic Services by 0.7% in the 1st quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider’s stock valued at $1,438,237,000 after buying an additional 42,019 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Republic Services by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider’s stock valued at $1,292,050,000 after buying an additional 17,711 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Republic Services by 4.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider’s stock valued at $695,541,000 after buying an additional 119,158 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Republic Services by 39,024.4% in the 1st quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider’s stock valued at $539,091,000 after buying an additional 2,220,487 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Up 0.4%

Shares of Republic Services stock opened at $226.27 on Thursday. The stock has a market cap of $70.65 billion, a P/E ratio of 33.47, a P/E/G ratio of 3.52 and a beta of 0.59. The stock’s 50 day simple moving average is $235.09 and its 200-day simple moving average is $240.76. Republic Services, Inc. has a 1-year low of $197.60 and a 1-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.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business 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 firm 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. Analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm 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 a boost from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, October 2nd. Republic Services’s payout ratio is currently 34.32%.

Insider Buying and Selling

In related news, EVP Gregg Brummer sold 7,338 shares of the company’s 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 transaction, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the acquisition, the insider directly owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James Financial lifted their price target on Republic Services from $257.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on Republic Services from $229.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Scotiabank lifted their price target on Republic Services from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, July 18th. UBS Group set a $260.00 price target on Republic Services and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, National Bank Financial upgraded Republic Services to a “hold” rating in a research note on Monday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.72.

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.