Aberdeen Group plc Purchases 6,701 Shares of Republic Services, Inc. $RSG

Aberdeen Group plc lifted its position in Republic Services, Inc. (NYSE:RSG) by 5.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 122,299 shares of the business services provider’s stock after acquiring an additional 6,701 shares during the period. Aberdeen Group plc’s holdings in Republic Services were worth $29,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RSG. Ignite Planners LLC grew its stake in Republic Services by 2.8% during the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 43 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in Republic Services by 4.2% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 46 shares in the last quarter. Gries Financial LLC grew its stake in Republic Services by 3.8% during the second quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 46 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Republic Services by 17.8% during the second quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 46 shares in the last quarter. Finally, Hemington Wealth Management grew its stake in Republic Services by 6.2% during the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock valued at $195,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of Republic Services 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 completion of the sale, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. This trade represents a 64.38% decrease in their position. 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. acquired 4,258 shares of the firm’s stock in a transaction that occurred 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 acquisition, the insider directly 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. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RSG shares. Raymond James Financial set a $260.00 target price on shares of Republic Services and gave the company an “outperform” rating in a research note on Monday, October 6th. Stifel Nicolaus assumed coverage on shares of 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 lowered their price objective on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Barclays assumed coverage on shares of Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price objective for the company. Finally, National Bankshares lowered their price objective on shares of 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $258.85.

Republic Services Price Performance

Republic Services stock opened at $225.16 on Monday. The firm has a 50-day moving average price of $230.18 and a 200-day moving average price of $239.81. The firm has a market capitalization of $70.30 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.59. 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 12-month low of $197.60 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a $0.625 dividend. This is a boost 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 dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is 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.