Bryn Mawr Trust Advisors LLC Sells 797 Shares of Republic Services, Inc. $RSG

Bryn Mawr Trust Advisors LLC trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 21.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,943 shares of the business services provider’s stock after selling 797 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Republic Services were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of RSG. Cranbrook Wealth Management LLC increased its holdings 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 worth $29,000 after purchasing an additional 110 shares during the period. Key Financial Inc increased its stake in 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 acquiring an additional 99 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Elequin Capital LP bought a new stake in shares of Republic Services during the 1st quarter valued at about $30,000. Finally, NewSquare Capital LLC grew its holdings in shares of Republic Services by 68.5% during the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Up 0.7%

NYSE:RSG opened at $205.60 on Friday. The company has a 50-day moving average price of $222.86 and a 200-day moving average price of $236.44. The stock has a market cap of $64.19 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 3.40 and a beta of 0.57. 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, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75.

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

Republic Services Announces Dividend

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

Insider Buying and Selling at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Barclays assumed coverage on Republic Services in a research report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Oppenheimer set a $256.00 price target on shares of Republic Services in a research report on Friday, October 31st. Finally, Robert W. Baird set a $240.00 price objective on shares of Republic Services in a research report on Friday, October 31st. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $253.85.

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.