Republic Services, Inc. $RSG Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in Republic Services, Inc. (NYSE:RSG) by 0.2% during the second quarter, HoldingsChannel.com reports. The firm owned 108,858 shares of the business services provider’s stock after purchasing an additional 257 shares during the period. Asset Management One Co. Ltd.’s holdings in Republic Services were worth $26,845,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Golden State Wealth Management LLC grew its position in Republic Services by 3,533.3% in the 1st 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 last quarter. Cranbrook Wealth Management LLC lifted its stake in shares of Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after acquiring an additional 110 shares during the period. TCTC Holdings LLC lifted its stake in shares of Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after acquiring an additional 66 shares during the period. Key Financial Inc lifted its stake in shares of Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after acquiring an additional 99 shares during the period. Finally, Elequin Capital LP acquired a new stake in shares of Republic Services in the 1st quarter worth approximately $30,000. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Republic Services from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Scotiabank set a $250.00 target price on shares of Republic Services in a research note on Friday, October 10th. National Bankshares reduced their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.10.

Republic Services Stock Up 0.0%

Republic Services stock opened at $223.16 on Friday. The company has a market capitalization of $69.68 billion, a P/E ratio of 33.01, a P/E/G ratio of 3.60 and a beta of 0.59. The firm’s fifty day simple moving average is $227.75 and its 200-day simple moving average is $238.61. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly 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. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $1.61 EPS. Republic Services’s revenue for the quarter was up 4.6% on a year-over-year basis. 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 Announces Dividend

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

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.