SeaCrest Wealth Management LLC Sells 2,488 Shares of Republic Services, Inc. $RSG

SeaCrest Wealth Management LLC lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 46.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,851 shares of the business services provider’s stock after selling 2,488 shares during the period. SeaCrest Wealth Management LLC’s holdings in Republic Services were worth $598,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bell Investment Advisors Inc acquired a new stake in Republic Services in the 2nd quarter valued at $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services in the 2nd quarter worth about $27,000. Compass Financial Management LLC bought a new position in Republic Services in the 2nd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Republic Services by 47.3% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 52 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in Republic Services by 78.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 232 shares of the business services provider’s stock worth $51,000 after purchasing an additional 102 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Wolfe Research started coverage on Republic Services in a research report on Tuesday, September 15th. They set a “peer perform” rating for the company. Robert W. Baird lifted their price target on shares of Republic Services from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Republic Services from $270.00 to $258.00 in a research note on Friday, October 9th. Finally, UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.73.

Republic Services Trading Down 0.7%

Shares of Republic Services stock traded down $1.69 during trading on Friday, reaching $240.21. 1,881,929 shares of the stock were exchanged, compared to its average volume of 1,211,694. The firm has a market cap of $73.56 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 3.89 and a beta of 0.39. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $243.22. The stock’s fifty day moving average is $220.57 and its 200 day moving average is $214.54. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts expect that Republic Services, Inc. will post 7.26 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were issued a dividend of $0.67 per share. The ex-dividend date was Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.6250. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is 37.96%.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 324,810 shares of Republic Services stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of $222.89 per share, with a total value of $72,396,900.90. Following the transaction, the insider directly owned 117,058,444 shares in the company, valued at approximately $26,091,156,583.16. This represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders purchased 6,254,462 shares of company stock valued at $1,380,321,958. Corporate insiders own 0.12% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.