Atria Wealth Solutions Inc. Sells 18,101 Shares of Republic Services, Inc. $RSG

Atria Wealth Solutions Inc. decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 77.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,417 shares of the business services provider’s stock after selling 18,101 shares during the period. Atria Wealth Solutions Inc.’s holdings in Republic Services were worth $1,332,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in 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 buying an additional 106 shares during the period. Capital Management Associates Inc bought a new position in shares of Republic Services in the first quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Republic Services by 0.7% in the first 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 during the period. Sowell Financial Services LLC bought a new position in shares of Republic Services in the first quarter worth $260,000. Finally, GAMMA Investing LLC increased its position in shares of Republic Services by 61.6% in the first quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock worth $2,226,000 after purchasing an additional 3,503 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup decreased their price target on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Oppenheimer decreased their price target on Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. National Bankshares decreased their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Barclays started coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective on the stock. Finally, UBS Group reduced their price objective on Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $257.10.

Republic Services Stock Performance

Shares of RSG stock opened at $217.95 on Friday. The business’s 50-day moving average price is $229.22 and its 200-day moving average price is $239.30. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The firm has a market capitalization of $68.05 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 3.57 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.

Republic Services (NYSE:RSG) last announced its quarterly earnings results 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 return on equity of 18.27% and a net margin of 12.97%.The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter 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 research analysts forecast 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 was paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd were paid a $0.625 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, October 2nd. Republic Services’s payout ratio is presently 36.98%.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. acquired 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, with a total value of $1,000,246.78. Following the completion of the purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services 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 completion of 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 disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

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.