Flavin Financial Services Inc. Sells 785 Shares of Republic Services, Inc. $RSG

Flavin Financial Services Inc. lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 10.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,709 shares of the business services provider’s stock after selling 785 shares during the period. Republic Services comprises approximately 1.6% of Flavin Financial Services Inc.’s investment portfolio, making the stock its 25th biggest holding. Flavin Financial Services Inc.’s holdings in Republic Services were worth $1,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. C WorldWide Group Holding A S bought a new position in Republic Services during the first quarter worth about $230,013,000. Nuveen LLC bought a new position in Republic Services during the first quarter worth about $198,685,000. Robeco Institutional Asset Management B.V. boosted its position in Republic Services by 118.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after purchasing an additional 437,190 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Republic Services by 27.9% during the first 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 worth $427,009,000 after purchasing an additional 384,695 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Republic Services by 16.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,764 shares of the business services provider’s stock worth $394,906,000 after purchasing an additional 225,835 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.7%

Shares of RSG opened at $219.87 on Friday. The firm’s 50 day simple moving average is $228.91 and its 200 day simple moving average is $239.10. The company has a market capitalization of $68.65 billion, a P/E ratio of 32.52, a P/E/G ratio of 3.55 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. 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 earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend 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 was Thursday, October 2nd. Republic Services’s payout ratio is 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 shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the transaction, the executive vice president directly owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider directly owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RSG shares. Citigroup cut their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. National Bankshares lowered their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Barclays began coverage on shares of Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target on the stock. Stifel Nicolaus began coverage on shares of Republic Services in a report on Monday, September 29th. They issued a “buy” rating and a $257.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. 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 MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $257.10.

About Republic Services

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.