Sentry Investment Management LLC Sells 946 Shares of Republic Services, Inc. $RSG

Sentry Investment Management LLC reduced its stake in Republic Services, Inc. (NYSE:RSG) by 43.3% during the second quarter, HoldingsChannel.com reports. The fund owned 1,241 shares of the business services provider’s stock after selling 946 shares during the quarter. Sentry Investment Management LLC’s holdings in Republic Services were worth $297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in 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 acquiring an additional 106 shares during the last quarter. Cranbrook Wealth Management LLC grew its stake in shares of Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after buying an additional 110 shares in the last quarter. Key Financial Inc grew its stake 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 worth $30,000 after buying an additional 99 shares in the last quarter. TCTC Holdings LLC grew its holdings 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 purchasing an additional 66 shares during the last quarter. Finally, Elequin Capital LP acquired a new position in Republic Services during the 1st quarter valued at approximately $30,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 0.7%

NYSE:RSG opened at $219.87 on Monday. The company’s fifty day moving average price is $228.91 and its 200-day moving average price is $239.03. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The firm has a market capitalization of $68.65 billion, a P/E ratio of 32.52, a PEG ratio of 3.56 and a beta of 0.59. 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 announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping 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 firm 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 earnings per share. The firm’s quarterly revenue 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. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 yield of 1.1%. This is a boost from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, October 2nd. Republic Services’s payout ratio is currently 36.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RSG shares. Barclays started coverage on shares of Republic Services in a research note on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target on the stock. Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the company an “outperform” rating in a research note on Monday, October 6th. Stifel Nicolaus initiated coverage on shares of Republic Services in a research note on Monday, September 29th. They issued a “buy” rating and a $257.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Scotiabank set a $250.00 price objective on shares of Republic Services in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $257.10.

Insiders Place Their Bets

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 sale, the executive vice president directly owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost 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. This represents 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.

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.