Yousif Capital Management LLC Has $7.78 Million Holdings in Republic Services, Inc. $RSG

Yousif Capital Management LLC reduced its stake in shares of Republic Services, Inc. (NYSE:RSG) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,533 shares of the business services provider’s stock after selling 1,450 shares during the quarter. Yousif Capital Management LLC’s holdings in Republic Services were worth $7,776,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. MGO One Seven LLC raised its stake in Republic Services by 88.2% during the 2nd quarter. MGO One Seven LLC now owns 13,794 shares of the business services provider’s stock valued at $3,402,000 after purchasing an additional 6,465 shares during the last quarter. CWM LLC raised its stake in Republic Services by 9.1% during the 2nd quarter. CWM LLC now owns 11,890 shares of the business services provider’s stock valued at $2,932,000 after purchasing an additional 996 shares during the last quarter. OFI Invest Asset Management raised its stake in Republic Services by 14.8% during the 2nd quarter. OFI Invest Asset Management now owns 201,463 shares of the business services provider’s stock valued at $49,683,000 after purchasing an additional 25,967 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Republic Services by 20.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,270 shares of the business services provider’s stock valued at $8,453,000 after purchasing an additional 5,857 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Republic Services by 18.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,550 shares of the business services provider’s stock valued at $3,835,000 after purchasing an additional 2,392 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. National Bankshares lowered their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Citigroup lowered their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Scotiabank set a $250.00 price target on shares of Republic Services in a report on Friday. BMO Capital Markets boosted 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. Finally, Oppenheimer lowered their price target on shares of Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.85.

Republic Services Stock Down 0.9%

RSG opened at $223.04 on Tuesday. The firm’s 50-day simple moving average is $230.01 and its 200-day simple moving average is $239.70. 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 twelve month low of $197.60 and a twelve month high of $258.75. The firm has a market cap of $69.64 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 3.64 and a beta of 0.59.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts anticipate 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. Investors of record on Thursday, October 2nd will be given a dividend of $0.625 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s dividend payout ratio is currently 36.98%.

Insider Activity

In related news, EVP Gregg Brummer sold 7,338 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. This represents a 64.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of Republic Services stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This 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 owned by corporate insiders.

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.