Telos Capital Management Inc. Sells 283 Shares of Republic Services, Inc. $RSG

Telos Capital Management Inc. trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,693 shares of the business services provider’s stock after selling 283 shares during the quarter. Telos Capital Management Inc.’s holdings in Republic Services were worth $8,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Republic Services by 0.9% during the first quarter. Vanguard Group Inc. now owns 18,761,276 shares of the business services provider’s stock valued at $4,543,231,000 after buying an additional 170,548 shares during the period. Wellington Management Group LLP increased its stake in shares of Republic Services by 0.7% during the first quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider’s stock valued at $1,438,237,000 after buying an additional 42,019 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Republic Services by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider’s stock valued at $1,292,050,000 after buying an additional 17,711 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Republic Services by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider’s stock valued at $695,541,000 after buying an additional 119,158 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Republic Services by 12.4% during the first quarter. TD Asset Management Inc now owns 2,043,812 shares of the business services provider’s stock valued at $494,930,000 after buying an additional 224,867 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Down 0.7%

Shares of NYSE:RSG opened at $208.49 on Monday. Republic Services, Inc. has a 12-month low of $197.60 and a 12-month high of $258.75. The company has a market capitalization of $65.09 billion, a PE ratio of 30.84, a PEG ratio of 3.40 and a beta of 0.59. The business has a 50 day moving average of $225.66 and a two-hundred day moving average of $237.63. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.Republic Services’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, January 2nd. Republic Services’s dividend payout ratio is presently 37.20%.

Analysts Set New Price Targets

Several research firms have issued reports on RSG. Stifel Nicolaus cut their target price on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. cut their target price on Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group cut their target price on Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Scotiabank cut their target price on Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, BMO Capital Markets lifted their target price on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $253.65.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider 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 SEC, which is available at the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the 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 sale, the executive vice president directly owned 4,060 shares in the company, valued at $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

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.