Stephens Consulting LLC Has $460,000 Stock Holdings in Republic Services, Inc. $RSG

Stephens Consulting LLC cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 21.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,864 shares of the business services provider’s stock after selling 495 shares during the period. Stephens Consulting LLC’s holdings in Republic Services were worth $460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RSG. Brighton Jones LLC grew its stake in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares during the last quarter. GAMMA Investing LLC grew its stake in Republic Services by 61.6% in the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock valued at $2,226,000 after buying an additional 3,503 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Republic Services by 1.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,724 shares of the business services provider’s stock valued at $1,386,000 after buying an additional 81 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Republic Services by 193.5% in the 1st quarter. Salem Investment Counselors Inc. now owns 587 shares of the business services provider’s stock valued at $142,000 after buying an additional 387 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC grew its stake in Republic Services by 4.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider’s stock valued at $279,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays assumed coverage on shares of Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target on the stock. 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 report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Stifel Nicolaus assumed coverage on shares of Republic Services in a report on Monday, September 29th. They issued a “buy” rating and a $257.00 price objective for the company. Finally, National Bankshares cut their price objective on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.85.

Republic Services Stock Performance

Shares of Republic Services stock opened at $225.16 on Monday. The company has a 50 day moving average of $230.18 and a 200-day moving average of $239.81. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The company has a market cap of $70.30 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.59.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. The firm’s quarterly 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. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is currently 36.98%.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

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.