Accretive Wealth Partners LLC Purchases 102 Shares of Republic Services, Inc. $RSG

Accretive Wealth Partners LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,989 shares of the business services provider’s stock after acquiring an additional 102 shares during the period. Republic Services makes up approximately 1.0% of Accretive Wealth Partners LLC’s portfolio, making the stock its 29th largest position. Accretive Wealth Partners LLC’s holdings in Republic Services were worth $2,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position 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 acquiring an additional 170,548 shares in the last quarter. Wellington Management Group LLP grew its position in Republic Services by 0.7% in the 1st quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider’s stock worth $1,438,237,000 after purchasing an additional 42,019 shares during the period. Price T Rowe Associates Inc. MD grew its position in Republic Services by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider’s stock worth $1,292,050,000 after purchasing an additional 17,711 shares during the period. JPMorgan Chase & Co. grew its position in Republic Services by 4.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider’s stock worth $695,541,000 after purchasing an additional 119,158 shares during the period. Finally, TD Asset Management Inc grew its position in Republic Services by 12.4% in the 1st quarter. TD Asset Management Inc now owns 2,043,812 shares of the business services provider’s stock worth $494,930,000 after purchasing an additional 224,867 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RSG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. Barclays started coverage on shares of Republic Services in a research report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price for the company. UBS Group cut their target price on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup cut their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Finally, Oppenheimer cut their price objective on shares of Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. 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 has an average rating of “Moderate Buy” and a consensus target price of $257.10.

Insiders Place Their Bets

In related news, EVP Gregg Brummer sold 7,338 shares of Republic Services 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 transaction, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of $234.91 per share, for a total transaction 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. This represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

Republic Services Trading Up 0.7%

Shares of RSG stock opened at $219.87 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a 1 year low of $197.60 and a 1 year high of $258.75. The firm has a fifty day moving average price of $228.91 and a 200-day moving average price of $239.03. The company has a market cap of $68.65 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 3.56 and a beta of 0.59.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the company earned $1.61 EPS. Republic Services’s revenue for the quarter 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, equities analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd were paid a dividend of $0.625 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio is presently 36.98%.

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.