Republic Services, Inc. $RSG Shares Bought by Lmcg Investments LLC

Lmcg Investments LLC raised its stake in Republic Services, Inc. (NYSE:RSG) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,565 shares of the business services provider’s stock after acquiring an additional 225 shares during the period. Lmcg Investments LLC’s holdings in Republic Services were worth $3,838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Republic Services by 3,533.3% in the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 106 shares during the period. Cranbrook Wealth Management LLC boosted its stake in Republic Services by 1,222.2% in the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 110 shares during the period. TCTC Holdings LLC boosted its position 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 worth $30,000 after buying an additional 66 shares during the period. Key Financial Inc boosted its position in shares of Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after buying an additional 99 shares during the period. Finally, Elequin Capital LP acquired a new position in shares of Republic Services during the first quarter worth approximately $30,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

RSG opened at $225.16 on Friday. The company has a market capitalization of $70.30 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 3.58 and a beta of 0.59. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The business has a 50 day moving average price of $230.18 and a two-hundred day moving average price of $239.80. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion for 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 was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a $0.625 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services’s dividend payout ratio is currently 36.98%.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the acquisition, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $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 SEC, which is available through the SEC website. Also, 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 transaction of $1,716,651.72. Following the sale, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on RSG. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Services in a research report on Wednesday. Stifel Nicolaus began coverage on Republic Services in a research report on Monday, September 29th. They set a “buy” rating and a $257.00 price objective for the company. Citigroup reduced their price objective on Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Oppenheimer cut their target price on Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Scotiabank set a $250.00 target price on Republic Services in a research report on Friday. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.85.

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.