Aptus Capital Advisors LLC Has $1.77 Million Stake in Republic Services, Inc. $RSG

Aptus Capital Advisors LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 22.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,323 shares of the business services provider’s stock after buying an additional 1,329 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Republic Services were worth $1,773,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. TCTC Holdings LLC boosted its stake in 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 buying an additional 66 shares in the last quarter. Key Financial Inc raised its position in Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Elequin Capital LP bought a new position in Republic Services in the 1st quarter valued at $30,000. Finally, Cheviot Value Management LLC bought a new position in Republic Services in the 1st quarter valued at $49,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RSG shares. National Bank Financial upgraded Republic Services to a “hold” rating in a research report on Monday, May 26th. BMO Capital Markets lifted their price objective on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their price objective on Republic Services from $232.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Raymond James Financial lifted their price objective on Republic Services from $257.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen cut Republic Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $262.17.

Republic Services Stock Up 0.5%

NYSE RSG opened at $236.0620 on Thursday. Republic Services, Inc. has a 52 week low of $197.60 and a 52 week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $73.70 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 3.66 and a beta of 0.60. The stock has a fifty day moving average of $240.78 and a 200-day moving average of $240.19.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company earned $1.61 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a $0.625 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s dividend payout ratio is 34.32%.

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.