Fiduciary Family Office LLC Sells 110 Shares of Republic Services, Inc. $RSG

Fiduciary Family Office LLC lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,201 shares of the business services provider’s stock after selling 110 shares during the quarter. Fiduciary Family Office LLC’s holdings in Republic Services were worth $1,283,000 as of its most recent SEC filing.

Other large investors have 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% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after acquiring an additional 106 shares in the last quarter. Cranbrook Wealth Management LLC raised its stake in shares of 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 worth $29,000 after acquiring an additional 110 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of Republic Services by 113.8% during the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after acquiring an additional 66 shares in the last quarter. Key Financial Inc raised its stake in shares of Republic Services by 380.8% during the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Finally, Elequin Capital LP bought a new position in shares of Republic Services during the 1st quarter worth approximately $30,000. Institutional investors own 57.73% of the company’s stock.

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.

Analysts Set New Price Targets

Several analysts have weighed in on RSG shares. Raymond James Financial set a $260.00 target price on shares of Republic Services and gave the stock an “outperform” rating in a research report on Monday, October 6th. Citigroup dropped their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Barclays started coverage on shares of Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 target price on the stock. National Bankshares dropped their target price on shares of 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Republic Services Stock Up 0.1%

RSG stock opened at $220.13 on Tuesday. The firm’s fifty day simple moving average is $228.57 and its 200-day simple moving average is $238.93. The company has a market capitalization of $68.73 billion, a P/E 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 current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last released 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. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share 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%.

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.