Fenimore Asset Management Inc Has $69.29 Million Holdings in Republic Services, Inc. $RSG

Fenimore Asset Management Inc lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,961 shares of the business services provider’s stock after selling 1,662 shares during the period. Republic Services comprises 1.4% of Fenimore Asset Management Inc’s holdings, making the stock its 28th largest position. Fenimore Asset Management Inc’s holdings in Republic Services were worth $69,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of RSG. Valeo Financial Advisors LLC grew its holdings in shares of Republic Services by 4.1% during the second quarter. Valeo Financial Advisors LLC now owns 2,505 shares of the business services provider’s stock worth $618,000 after buying an additional 99 shares in the last quarter. JSF Financial LLC grew its stake in shares of Republic Services by 3.1% during the 2nd quarter. JSF Financial LLC now owns 5,217 shares of the business services provider’s stock worth $1,287,000 after acquiring an additional 158 shares in the last quarter. Simplicity Wealth LLC raised its holdings in shares of Republic Services by 88.1% in the second quarter. Simplicity Wealth LLC now owns 8,340 shares of the business services provider’s stock valued at $2,057,000 after purchasing an additional 3,906 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of Republic Services by 1.9% in the second quarter. OLD National Bancorp IN now owns 4,177 shares of the business services provider’s stock worth $1,030,000 after purchasing an additional 77 shares in the last quarter. Finally, Strid Group LLC grew its position in Republic Services by 4.8% in the second quarter. Strid Group LLC now owns 2,664 shares of the business services provider’s stock valued at $657,000 after purchasing an additional 123 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Trading Up 0.7%

Shares of Republic Services stock opened at $224.14 on Monday. Republic Services, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75. The stock has a market cap of $69.98 billion, a PE ratio of 33.16, a PEG ratio of 3.50 and a beta of 0.59. The firm has a 50-day moving average of $231.45 and a 200-day moving average of $240.28. 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 earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s dividend payout ratio is currently 36.98%.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. purchased 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, 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 approximately $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction dated 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 sale, the executive vice president owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RSG has been the topic of several analyst reports. Melius Research raised shares of Republic Services to a “hold” rating and set a $281.00 price target on the stock in a research report on Monday, June 9th. Barclays assumed coverage on Republic Services in a report on Friday, September 19th. They set an “equal weight” rating and a $240.00 target price on the stock. Melius assumed coverage on Republic Services in a research note on Monday, June 9th. They issued a “hold” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a report on Saturday, September 27th. Finally, Raymond James Financial raised their target price on shares of Republic Services from $257.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.58.

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.