Republic Services, Inc. $RSG Stock Holdings Decreased by Moran Wealth Management LLC

Moran Wealth Management LLC reduced its position in Republic Services, Inc. (NYSE:RSG) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,376 shares of the business services provider’s stock after selling 2,757 shares during the period. Moran Wealth Management LLC’s holdings in Republic Services were worth $20,561,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RSG. Brighton Jones LLC increased its position in shares of Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 8,547 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Republic Services by 61.6% in the first quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock worth $2,226,000 after acquiring an additional 3,503 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Republic Services by 1.4% in the first quarter. Assenagon Asset Management S.A. now owns 5,724 shares of the business services provider’s stock worth $1,386,000 after acquiring an additional 81 shares in the last quarter. Elevation Point Wealth Partners LLC increased its position in shares of Republic Services by 4.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider’s stock worth $279,000 after acquiring an additional 46 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of Republic Services by 8.8% in the first quarter. Ritholtz Wealth Management now owns 7,650 shares of the business services provider’s stock worth $1,852,000 after acquiring an additional 616 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RSG shares. Oppenheimer lowered their price objective on shares of Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. BMO Capital Markets upped their price target on shares of Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. UBS Group set a $260.00 price target on shares of Republic Services and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Barclays started 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. Finally, Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the stock an “outperform” rating in a research note on Monday, October 6th. Two 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.85.

Insider Buying and Selling

In other news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, 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 can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following 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. Company insiders own 0.11% of the company’s stock.

Republic Services Price Performance

NYSE RSG opened at $223.04 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $69.64 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 3.64 and a beta of 0.59. The company has a 50 day moving average price of $230.01 and a two-hundred day moving average price of $239.70. Republic Services, Inc. has a 12-month low of $197.60 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.61 earnings per share. 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 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 given a $0.625 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services’s payout ratio is 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.