MGO One Seven LLC Has $3.40 Million Stake in Republic Services, Inc. $RSG

MGO One Seven LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 88.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,794 shares of the business services provider’s stock after purchasing an additional 6,465 shares during the period. MGO One Seven LLC’s holdings in Republic Services were worth $3,402,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RSG. Brighton Jones LLC lifted its position in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 3,503 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of 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 acquiring an additional 81 shares in the last quarter. Elevation Point Wealth Partners LLC increased its stake in shares of 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 acquiring an additional 46 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Republic Services by 8.8% in the 1st quarter. Ritholtz Wealth Management now owns 7,650 shares of the business services provider’s stock valued at $1,852,000 after acquiring an additional 616 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This trade 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group set a $260.00 price objective on shares of Republic Services and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the company an “outperform” rating in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Scotiabank set a $250.00 price target on shares of Republic Services in a research note on Friday. Finally, BMO Capital Markets boosted their price target on shares of Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $258.85.

Republic Services Price Performance

Shares of NYSE:RSG opened at $223.04 on Tuesday. The company has a market capitalization of $69.64 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 3.64 and a beta of 0.59. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two 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 company’s 50-day moving average is $230.01 and its 200 day moving average is $239.70.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.76 by $0.01. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. 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 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. 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. Republic Services’s payout ratio is currently 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.