Republic Services, Inc. $RSG Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 19.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,328 shares of the business services provider’s stock after acquiring an additional 708 shares during the quarter. AE Wealth Management LLC’s holdings in Republic Services were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RSG. Cranbrook Wealth Management LLC grew its holdings in Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares in the last quarter. NewSquare Capital LLC boosted its position in Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. TCTC Holdings LLC grew its stake in shares of Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Elequin Capital LP acquired a new position in shares of Republic Services in the first quarter worth about $30,000. Finally, Atticus Wealth Management LLC purchased a new position in Republic Services in the second quarter valued at about $39,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 0.9%

Shares of Republic Services stock opened at $205.36 on Thursday. The stock has a market capitalization of $63.57 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 3.40 and a beta of 0.57. The business’s 50 day simple moving average is $221.19 and its 200-day simple moving average is $235.63. 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 twelve month low of $199.43 and a twelve month high of $258.75.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.12. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the company earned $1.81 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of recent analyst reports. Citigroup cut their target price on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. BMO Capital Markets upped their price target on shares of Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Finally, Oppenheimer set a $256.00 price target on Republic Services in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $251.52.

Insider Transactions at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of the firm’s 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the acquisition, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 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.