Rehmann Capital Advisory Group Acquires 57 Shares of Republic Services, Inc. $RSG

Rehmann Capital Advisory Group grew its holdings in Republic Services, Inc. (NYSE:RSG) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,434 shares of the business services provider’s stock after acquiring an additional 57 shares during the period. Rehmann Capital Advisory Group’s holdings in Republic Services were worth $600,000 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 raised its position in 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 worth $26,000 after acquiring an additional 106 shares during the period. Cranbrook Wealth Management LLC raised its position 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 valued at $29,000 after purchasing an additional 110 shares during the period. Key Financial Inc raised its position 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 valued at $30,000 after purchasing an additional 99 shares during the period. TCTC Holdings LLC raised its position 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 valued at $30,000 after purchasing an additional 66 shares during the period. Finally, Elequin Capital LP bought a new stake in shares of Republic Services during the 1st quarter valued at $30,000. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the transaction, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RSG shares. Citigroup decreased their price objective 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. UBS Group decreased their price objective on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. Raymond James Financial set a $260.00 price objective on shares of Republic Services and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, BMO Capital Markets raised their target price on shares of Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $257.10.

Republic Services Stock Performance

RSG opened at $223.03 on Friday. The stock has a market capitalization of $69.63 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 3.60 and a beta of 0.59. The company has a fifty day moving average of $227.95 and a 200 day moving average of $238.64. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share 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 during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the company posted $1.61 earnings per share. Republic Services’s quarterly revenue 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 forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 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.