Cwm LLC Increases Stake in Republic Services, Inc. $RSG

Cwm LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 9.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,890 shares of the business services provider’s stock after purchasing an additional 996 shares during the period. Cwm LLC’s holdings in Republic Services were worth $2,932,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted 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 valued at $26,000 after buying an additional 106 shares during the period. Cranbrook Wealth Management LLC boosted its position in Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after buying an additional 110 shares during the period. Key Financial Inc boosted its position in Republic Services by 380.8% during 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 during the period. TCTC Holdings LLC boosted 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 valued at $30,000 after buying an additional 66 shares during the period. Finally, Elequin Capital LP purchased a new stake in Republic Services during the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the firm’s 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 sale, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the purchase, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RSG shares. UBS Group decreased their price objective on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday. Stifel Nicolaus started coverage on shares of Republic Services in a report on Monday, September 29th. They issued a “buy” rating and a $257.00 price objective for the company. Scotiabank set a $250.00 price objective on shares of Republic Services in a report on Friday, October 10th. Raymond James Financial set a $260.00 price objective on shares of Republic Services and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $257.10.

Republic Services Stock Up 0.7%

Shares of Republic Services stock opened at $219.87 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The company has a 50-day moving average of $228.91 and a 200 day moving average of $239.14. The firm has a market cap of $68.65 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 3.53 and a beta of 0.59. Republic Services, Inc. has a 1 year low of $197.60 and a 1 year 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 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.26 billion. During the same period in the prior year, the firm posted $1.61 EPS. Republic Services’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. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd were issued a dividend of $0.625 per share. 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. This is a boost from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s payout ratio is 36.98%.

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.