Arkadios Wealth Advisors Buys New Holdings in Republic Services, Inc. $RSG

Arkadios Wealth Advisors purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,025 shares of the business services provider’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RSG. BNP Paribas Financial Markets raised its position in Republic Services by 10.0% in the 1st quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock valued at $116,048,000 after purchasing an additional 43,387 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Republic Services in the first quarter valued at about $22,078,000. Ascent Group LLC boosted its stake in shares of Republic Services by 6.3% during the second quarter. Ascent Group LLC now owns 19,063 shares of the business services provider’s stock worth $4,701,000 after buying an additional 1,130 shares during the period. Advyzon Investment Management LLC purchased a new position in shares of Republic Services during the first quarter worth about $272,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Republic Services by 5.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,699 shares of the business services provider’s stock valued at $7,817,000 after acquiring an additional 1,769 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

RSG stock opened at $203.95 on Friday. The firm has a 50 day moving average of $223.43 and a 200-day moving average of $236.67. The company has a market cap of $63.68 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 3.40 and a beta of 0.57. 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 12-month low of $199.43 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is presently 37.20%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RSG shares. Citigroup dropped their target price on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Barclays assumed coverage on shares of Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective on the stock. Jefferies Financial Group set a $248.00 target price on shares of Republic Services and gave the company a “buy” rating in a report on Monday. Scotiabank cut their price target on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Two research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.85.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is currently owned by company 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.