Catalyst Capital Advisors LLC Has $112,000 Holdings in Republic Services, Inc. $RSG

Catalyst Capital Advisors LLC cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 14.0% in the second quarter, HoldingsChannel reports. The fund owned 453 shares of the business services provider’s stock after selling 74 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Republic Services were worth $112,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RSG. C WorldWide Group Holding A S acquired a new stake in Republic Services during the 1st quarter worth about $230,013,000. Nuveen LLC acquired a new stake in shares of Republic Services during the 1st quarter valued at about $198,685,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Republic Services by 118.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock valued at $198,869,000 after buying an additional 437,190 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Republic Services by 27.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider’s stock valued at $427,009,000 after buying an additional 384,695 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Republic Services by 16.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,764 shares of the business services provider’s stock valued at $394,906,000 after buying an additional 225,835 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RSG shares. Stifel Nicolaus started coverage on Republic Services in a report on Monday, September 29th. They set a “buy” rating and a $257.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Republic Services from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. BMO Capital Markets lifted their price target on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Oppenheimer cut their price objective on Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a research note on Saturday. Two equities 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.10.

Republic Services Stock Up 0.0%

Shares of RSG stock opened at $223.16 on Friday. The stock’s 50 day simple moving average is $227.75 and its 200 day simple moving average is $238.69. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The company has a market capitalization of $69.68 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 3.60 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 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s payout ratio is currently 36.98%.

Insider Activity at Republic Services

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. The trade was a 64.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost 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 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 disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

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.