Ethic Inc. Has $2.16 Million Holdings in Republic Services, Inc. $RSG

Ethic Inc. lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 8.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,849 shares of the business services provider’s stock after purchasing an additional 668 shares during the quarter. Ethic Inc.’s holdings in Republic Services were worth $2,162,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its position in shares of Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after purchasing an additional 106 shares during the period. Capital Management Associates Inc acquired a new position in shares of Republic Services during the first quarter worth approximately $314,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Republic Services by 0.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider’s stock worth $136,397,000 after purchasing an additional 4,110 shares during the period. GAMMA Investing LLC raised its position in shares of Republic Services by 61.6% during the first quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock worth $2,226,000 after purchasing an additional 3,503 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Republic Services by 10.0% during the first quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock worth $116,048,000 after purchasing an additional 43,387 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 0.0%

Shares of NYSE:RSG opened at $223.16 on Friday. The company has a market capitalization of $69.68 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The business has a fifty day moving average price of $227.75 and a two-hundred day moving average price of $238.61. Republic Services, Inc. has a 1 year low of $197.60 and a 1 year high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings data 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 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 business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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

Analyst Upgrades and Downgrades

RSG has been the subject of several recent research reports. National Bankshares decreased their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. JPMorgan Chase & Co. decreased 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. UBS Group decreased their price target on Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Barclays initiated coverage on Republic Services in a report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target for the company. Finally, Scotiabank set a $250.00 price target on Republic Services in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $257.10.

Insider Buying and Selling at Republic Services

In other news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were purchased 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 $25,797,072,005.12. This trade represents a 0.00% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.