REAP Financial Group LLC Acquires 219 Shares of Republic Services, Inc. $RSG

REAP Financial Group LLC raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 171.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347 shares of the business services provider’s stock after acquiring an additional 219 shares during the quarter. REAP Financial Group LLC’s holdings in Republic Services were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of RSG. Brighton Jones LLC raised its holdings in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the period. UMB Bank n.a. raised its holdings in Republic Services by 5.9% during the 1st quarter. UMB Bank n.a. now owns 2,008 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 111 shares during the period. Park Avenue Securities LLC raised its holdings in Republic Services by 11.6% during the 1st quarter. Park Avenue Securities LLC now owns 8,596 shares of the business services provider’s stock valued at $2,082,000 after acquiring an additional 894 shares during the period. Farther Finance Advisors LLC raised its holdings in Republic Services by 29.6% during the 1st quarter. Farther Finance Advisors LLC now owns 7,811 shares of the business services provider’s stock valued at $1,904,000 after acquiring an additional 1,782 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Republic Services by 61.6% during 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 during the period. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the subject of a number of recent analyst reports. Citigroup reduced their price target 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. Scotiabank boosted their price target on shares of Republic Services from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research report on Wednesday. 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 report on Wednesday, July 30th. Finally, UBS Group set a $260.00 price target on shares of Republic Services and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.35.

Republic Services Stock Up 1.2%

Shares of NYSE:RSG opened at $225.37 on Thursday. Republic Services, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75. The firm has a fifty day moving average of $230.49 and a 200 day moving average of $239.98. The firm has a market capitalization of $70.36 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 3.47 and a beta of 0.59. 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 (NYSE:RSG) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the business earned $1.61 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.625 per share. The ex-dividend date is Thursday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is currently 36.98%.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the business’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 directly owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Republic Services 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.