Values First Advisors Inc. Sells 364 Shares of Republic Services, Inc. $RSG

Values First Advisors Inc. trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 27.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 971 shares of the business services provider’s stock after selling 364 shares during the quarter. Values First Advisors Inc.’s holdings in Republic Services were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RSG. C WorldWide Group Holding A S bought a new position in Republic Services during the 1st quarter worth approximately $230,013,000. Nuveen LLC bought a new position in Republic Services during the 1st quarter worth approximately $198,685,000. Robeco Institutional Asset Management B.V. lifted its holdings in Republic Services by 118.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after buying an additional 437,190 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Republic Services by 27.9% in the 1st 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 buying an additional 384,695 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Republic Services by 16.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,764 shares of the business services provider’s stock worth $394,906,000 after buying an additional 225,835 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. This represents a 0.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services 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 of the company’s stock, valued at $949,796.40. The trade was a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Republic Services Trading Down 1.4%

RSG opened at $217.95 on Friday. The stock has a market cap of $68.05 billion, a PE ratio of 32.24, a PEG ratio of 3.57 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $229.22 and a 200-day moving average of $239.30. Republic Services, Inc. has a 52 week low of $197.60 and a 52 week high of $258.75.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is presently 36.98%.

Analyst Ratings Changes

RSG has been the subject of several research analyst reports. National Bankshares dropped their price objective 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. Scotiabank set a $250.00 price objective on Republic Services in a report on Friday, October 10th. UBS Group dropped their price objective on Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday. Barclays initiated coverage on Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective for the company. Finally, BMO Capital Markets increased their price objective on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Two 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. Based on data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.10.

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.