Beverly Hills Private Wealth LLC Sells 175 Shares of Republic Services, Inc. $RSG

Beverly Hills Private Wealth LLC trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,800 shares of the business services provider’s stock after selling 175 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Republic Services were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in shares of Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. Cranbrook Wealth Management LLC raised its stake in shares of Republic Services by 1,222.2% in the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares in the last quarter. Key Financial Inc raised its stake in shares of Republic Services by 380.8% in the first quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of Republic Services by 113.8% in the first 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 in the last quarter. Finally, Elequin Capital LP acquired a new position in shares of Republic Services in the first quarter valued at $30,000. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $220.13 on Tuesday. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The firm has a market cap of $68.73 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 3.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The business has a fifty day moving average of $228.57 and a 200-day moving average of $238.93.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share 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 company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company 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. On average, equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal 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 $0.625 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 36.98%.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 in the company, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were 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 owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent research reports. Oppenheimer cut their target price 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. Stifel Nicolaus began coverage on Republic Services in a research note on Monday, September 29th. They set a “buy” rating and a $257.00 price objective for the company. Scotiabank set a $250.00 price objective on Republic Services in a research note on Friday, October 10th. Citigroup dropped their price objective on Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Finally, Raymond James Financial set a $260.00 price objective on Republic Services and gave the stock an “outperform” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $257.10.

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.