Apollon Wealth Management LLC Purchases 717 Shares of Republic Services, Inc. $RSG

Apollon Wealth Management LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,664 shares of the business services provider’s stock after acquiring an additional 717 shares during the period. Apollon Wealth Management LLC’s holdings in Republic Services were worth $2,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of 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 worth $26,000 after acquiring an additional 106 shares during the period. Cranbrook Wealth Management LLC lifted its stake in Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares during the last quarter. Key Financial Inc lifted its stake in Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. TCTC Holdings LLC lifted its stake in Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 66 shares during the last quarter. Finally, Elequin Capital LP bought a new position in Republic Services in the 1st quarter valued at approximately $30,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RSG shares. BMO Capital Markets increased their price objective on shares of Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Stifel Nicolaus started coverage on shares of Republic Services in a research note on Monday, September 29th. They issued a “buy” rating and a $257.00 price objective for the company. Citigroup dropped 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 note on Wednesday, September 17th. UBS Group set a $260.00 price target on shares of Republic Services and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the company an “outperform” rating in a research report on Monday, October 6th. Two 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.85.

Insider Buying and Selling at Republic Services

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the sale, the executive vice president directly owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG opened at $225.16 on Monday. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The firm has a fifty day simple moving average of $230.18 and a 200 day simple moving average of $239.81. The company has a market capitalization of $70.30 billion, a PE ratio of 33.31, a P/E/G ratio of 3.64 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating 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 firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The business’s 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. On average, sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current 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 paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services’s payout ratio is presently 36.98%.

Republic Services Company 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.