BROOKFIELD Corp ON Has $4.97 Million Position in Republic Services, Inc. $RSG

BROOKFIELD Corp ON trimmed its position in Republic Services, Inc. (NYSE:RSG) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,526 shares of the business services provider’s stock after selling 602 shares during the quarter. BROOKFIELD Corp ON’s holdings in Republic Services were worth $4,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Republic Services by 0.4% in the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider’s stock valued at $2,415,000 after buying an additional 44 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in Republic Services by 0.5% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock valued at $1,740,000 after buying an additional 46 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in Republic Services by 4.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider’s stock valued at $279,000 after buying an additional 46 shares in the last quarter. Hemington Wealth Management grew its holdings in Republic Services by 6.2% in the 1st quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock valued at $195,000 after buying an additional 47 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in Republic Services by 9.3% in the 1st quarter. Rothschild Investment LLC now owns 599 shares of the business services provider’s stock valued at $145,000 after buying an additional 51 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on RSG. JPMorgan Chase & Co. increased their price target on Republic Services from $229.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Scotiabank raised their price target on Republic Services from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, July 18th. Raymond James Financial raised their price target on Republic Services from $257.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Melius initiated coverage on Republic Services in a research report on Monday, June 9th. They issued a “hold” rating on the stock. Finally, UBS Group set a $260.00 price target on Republic Services and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.17.

Republic Services Stock Up 1.8%

NYSE RSG opened at $232.52 on Friday. The business has a fifty day moving average price of $236.19 and a two-hundred day moving average price of $240.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The stock has a market capitalization of $72.60 billion, a PE ratio of 34.40, a PEG ratio of 3.57 and a beta of 0.59.

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

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s dividend payout ratio is currently 34.32%.

Insiders Place Their Bets

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction on 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 sale, the executive vice president 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 filing with the SEC, which can be accessed through the SEC website. 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 bought at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the purchase, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. The trade was 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.

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.