Werba Rubin Papier Wealth Management Acquires Shares of 895 Republic Services, Inc. $RSG

Werba Rubin Papier Wealth Management acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 895 shares of the business services provider’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake in Republic Services by 3,533.3% during the 1st 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 last quarter. Cranbrook Wealth Management LLC raised its stake 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 acquiring an additional 110 shares during the last quarter. Key Financial Inc raised its stake in Republic Services by 380.8% during the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 99 shares during the last quarter. TCTC Holdings LLC raised its stake in Republic Services by 113.8% during the 1st 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 during the last quarter. Finally, Elequin Capital LP purchased a new position in shares of Republic Services during the 1st quarter worth approximately $30,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RSG has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Citigroup cut their target price on Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Scotiabank set a $250.00 price target on Republic Services in a report on Friday, October 10th. Oppenheimer lowered their price target on Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Finally, Stifel Nicolaus started coverage on Republic Services in a report on Monday, September 29th. They issued a “buy” rating and a $257.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Insider Buying and Selling at Republic Services

In other Republic Services 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 value of $1,716,651.72. Following the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the purchase, the insider directly 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 disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Shares of NYSE:RSG opened at $217.95 on Friday. The business’s fifty day moving average price is $229.22 and its two-hundred day moving average price is $239.30. The stock has a market cap of $68.05 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. 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 one year low of $197.60 and a one year high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company 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 company posted $1.61 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared 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 of this dividend was Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s dividend payout ratio is currently 36.98%.

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.