Los Angeles Capital Management LLC Has $18.84 Million Stock Position in Republic Services, Inc. $RSG

Los Angeles Capital Management LLC reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,414 shares of the business services provider’s stock after selling 2,276 shares during the period. Los Angeles Capital Management LLC’s holdings in Republic Services were worth $18,844,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RSG. AGF Management Ltd. boosted its holdings in shares of Republic Services by 3.5% in the 2nd quarter. AGF Management Ltd. now owns 11,984 shares of the business services provider’s stock valued at $2,955,000 after buying an additional 403 shares during the last quarter. Bensler LLC raised its position in Republic Services by 1.8% during the second quarter. Bensler LLC now owns 27,779 shares of the business services provider’s stock worth $6,851,000 after acquiring an additional 496 shares in the last quarter. AE Wealth Management LLC lifted its stake in Republic Services by 19.6% in the second quarter. AE Wealth Management LLC now owns 4,328 shares of the business services provider’s stock valued at $1,067,000 after acquiring an additional 708 shares during the last quarter. Harvest Portfolios Group Inc. increased its stake in shares of Republic Services by 9.8% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 8,024 shares of the business services provider’s stock worth $1,979,000 after purchasing an additional 719 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of Republic Services in the 2nd quarter valued at about $269,000. Institutional investors own 57.73% of the company’s stock.

Insider Activity

In related news, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares of the company’s stock, valued at $949,796.40. This trade represents a 64.38% decrease 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, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $205.60 on Friday. The stock has a 50-day moving average price of $222.86 and a two-hundred day moving average price of $236.39. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75. The company has a market capitalization of $63.65 billion, a PE 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 (NYSE:RSG) last released its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on RSG shares. Barclays started coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective on the stock. Stifel Nicolaus reduced their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Citigroup decreased their price objective on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Scotiabank decreased their price target on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Finally, Robert W. Baird set a $240.00 target price on shares of Republic Services in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.