Republic Services, Inc. $RSG Stake Boosted by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,016 shares of the business services provider’s stock after purchasing an additional 120 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Republic Services were worth $497,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. L.M. Kohn & Company grew its holdings in shares of Republic Services by 78.5% during the second quarter. L.M. Kohn & Company now owns 2,117 shares of the business services provider’s stock valued at $522,000 after purchasing an additional 931 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Republic Services by 4.2% during the second quarter. Jennison Associates LLC now owns 63,754 shares of the business services provider’s stock valued at $15,722,000 after purchasing an additional 2,586 shares during the last quarter. James Investment Research Inc. grew its holdings in shares of Republic Services by 8.5% during the second quarter. James Investment Research Inc. now owns 7,268 shares of the business services provider’s stock valued at $1,792,000 after purchasing an additional 567 shares during the last quarter. Providence First Trust Co grew its holdings in shares of Republic Services by 1.2% during the second quarter. Providence First Trust Co now owns 10,481 shares of the business services provider’s stock valued at $2,585,000 after purchasing an additional 122 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its position in shares of Republic Services by 2.1% during the second quarter. New York Life Investment Management LLC now owns 27,679 shares of the business services provider’s stock worth $6,826,000 after buying an additional 580 shares during the period. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a research report on Friday. Robert W. Baird set a $240.00 price objective on Republic Services in a research report on Friday. Oppenheimer set a $256.00 price objective on Republic Services in a research report on Friday. National Bankshares reduced their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Finally, BMO Capital Markets boosted their price objective on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $253.65.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $234.91 per share, for a total transaction 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 trade represents a 0.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 4,060 shares of the company’s stock, valued at $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Shares of NYSE:RSG opened at $208.49 on Friday. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The stock has a fifty day moving average of $225.66 and a 200-day moving average of $237.72. The company has a market capitalization of $65.09 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 3.40 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 (NYSE:RSG) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.90 EPS for the quarter, beating 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 company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. The company’s quarterly 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 anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is 36.98%.

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.