Vanguard Personalized Indexing Management LLC Raises Stake in Republic Services, Inc. $RSG

Vanguard Personalized Indexing Management LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 20.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,270 shares of the business services provider’s stock after purchasing an additional 5,857 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Republic Services were worth $8,453,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after purchasing an additional 106 shares in the last quarter. Capital Management Associates Inc purchased a new stake in shares of Republic Services during the 1st quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Republic Services by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider’s stock worth $136,397,000 after purchasing an additional 4,110 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Republic Services during the 1st quarter worth $260,000. Finally, GAMMA Investing LLC raised its stake in shares of Republic Services by 61.6% during the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock worth $2,226,000 after buying an additional 3,503 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The transaction was disclosed in a document filed 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 company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the transaction, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Price Performance

NYSE:RSG opened at $225.16 on Monday. The firm has a market cap of $70.30 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average is $230.18 and its two-hundred day moving average is $239.81. Republic Services, Inc. has a 12-month low of $197.60 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings data 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. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The business 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 dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s payout ratio is currently 36.98%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RSG shares. BMO Capital Markets lifted their price target on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Raymond James Financial set a $260.00 price target on Republic Services and gave the stock an “outperform” rating in a research note on Monday, October 6th. Stifel Nicolaus started coverage on Republic Services in a research note on Monday, September 29th. They set a “buy” rating and a $257.00 price target for the company. Oppenheimer cut their price target on Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Finally, National Bankshares cut their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.85.

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.