Aviva PLC Boosts Stock Holdings in Republic Services, Inc. $RSG

Aviva PLC lifted its stake in Republic Services, Inc. (NYSE:RSG) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,885 shares of the business services provider’s stock after purchasing an additional 10,219 shares during the period. Aviva PLC owned about 0.05% of Republic Services worth $40,169,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. C WorldWide Group Holding A S acquired a new position in shares of Republic Services during the first quarter worth about $230,013,000. Nuveen LLC purchased a new position in Republic Services in the first quarter worth approximately $198,685,000. Robeco Institutional Asset Management B.V. grew its holdings in Republic Services by 118.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after acquiring an additional 437,190 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Republic Services by 27.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider’s stock valued at $427,009,000 after purchasing an additional 384,695 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Republic Services during the 2nd quarter worth $71,292,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RSG. Scotiabank dropped their target price on Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. UBS Group dropped their price objective on Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. Raymond James Financial restated an “outperform” rating and set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Finally, Citigroup reduced 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. Two 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 company. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $253.85.

Republic Services Stock Up 0.7%

Shares of Republic Services stock opened at $205.60 on Monday. The company has a market cap of $63.65 billion, a P/E ratio of 30.41, a PEG ratio of 3.40 and a beta of 0.57. The firm has a fifty day moving average of $222.86 and a two-hundred day moving average of $236.36. 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 $199.43 and a one year high of $258.75.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. 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 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s payout ratio is currently 37.20%.

Insider Activity

In related news, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. This represents a 0.00% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.11% of the company’s stock.

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.