Strid Group LLC Acquires 123 Shares of Republic Services, Inc. $RSG

Strid Group LLC lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,664 shares of the business services provider’s stock after purchasing an additional 123 shares during the quarter. Strid Group LLC’s holdings in Republic Services were worth $657,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RSG. Brighton Jones LLC increased its holdings in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. Merit Financial Group LLC increased its holdings in shares of Republic Services by 9.7% during the first quarter. Merit Financial Group LLC now owns 2,976 shares of the business services provider’s stock worth $721,000 after purchasing an additional 264 shares during the period. Generali Investments Management Co LLC increased its holdings in shares of Republic Services by 57.1% during the first quarter. Generali Investments Management Co LLC now owns 1,043 shares of the business services provider’s stock worth $253,000 after purchasing an additional 379 shares during the period. Tower Wealth Partners Inc. boosted its position in shares of Republic Services by 7.2% during the 1st quarter. Tower Wealth Partners Inc. now owns 1,820 shares of the business services provider’s stock worth $441,000 after acquiring an additional 123 shares in the last quarter. Finally, Impact Capital Partners LLC boosted its position in shares of Republic Services by 2.7% during the 1st quarter. Impact Capital Partners LLC now owns 8,693 shares of the business services provider’s stock worth $2,105,000 after acquiring an additional 231 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RSG. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Services in a research report on Saturday, September 27th. Scotiabank increased their price target on shares of Republic Services from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, July 18th. Oppenheimer increased their price target on shares of Republic Services from $262.00 to $268.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Citigroup cut their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Finally, Raymond James Financial raised their target price on shares of Republic Services from $257.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.58.

Republic Services Price Performance

Shares of NYSE:RSG opened at $224.14 on Friday. The firm has a market cap of $69.98 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The firm’s fifty day moving average is $231.45 and its 200-day moving average is $240.24. 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 52 week low of $197.60 and a 52 week high of $258.75.

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 analysts’ consensus estimates of $1.76 by $0.01. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. Republic Services’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis 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 is Thursday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 36.98%.

Insiders Place Their Bets

In related news, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares of the company’s stock, valued at $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. 0.11% of the stock is currently owned by 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.