Rathbones Group PLC Cuts Position in Republic Services, Inc. $RSG

Rathbones Group PLC lowered its position in Republic Services, Inc. (NYSE:RSG) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,571 shares of the business services provider’s stock after selling 402 shares during the quarter. Rathbones Group PLC’s holdings in Republic Services were worth $20,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. C WorldWide Group Holding A S acquired a new position in shares of Republic Services during the first quarter worth $230,013,000. Nuveen LLC acquired a new stake in Republic Services in the first quarter valued at $198,685,000. Robeco Institutional Asset Management B.V. lifted its holdings in Republic Services by 118.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after buying an additional 437,190 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Republic Services by 27.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider’s stock valued at $427,009,000 after acquiring an additional 384,695 shares during the last quarter. Finally, AustralianSuper Pty Ltd purchased a new position in shares of Republic Services in the 2nd quarter valued at about $71,292,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 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 transaction, the insider directly owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregg Brummer sold 7,338 shares of the business’s 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 completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.11% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RSG shares. Jefferies Financial Group set a $248.00 price target on Republic Services and gave the company a “buy” rating in a report on Monday, November 3rd. Oppenheimer set a $256.00 price objective on shares of Republic Services in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. National Bankshares cut their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. Finally, Robert W. Baird set a $240.00 price objective on Republic Services in a report on Friday, October 31st. Two research 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. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.85.

Republic Services Price Performance

Shares of NYSE:RSG opened at $205.60 on Monday. Republic Services, Inc. has a one year low of $199.43 and a one year high of $258.75. The stock has a market capitalization of $63.65 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 3.40 and a beta of 0.57. The company has a 50-day simple moving average of $222.86 and a 200-day simple moving average of $236.36. 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 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. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.81 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

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

Republic Services Company 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.