Machina Capital S.A.S. Makes New Investment in Republic Services, Inc. $RSG

Machina Capital S.A.S. bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 6,321 shares of the business services provider’s stock, valued at approximately $1,559,000.

A number of other institutional investors have also modified their holdings of the company. Sigma Planning Corp grew its stake in shares of Republic Services by 16.7% in the second quarter. Sigma Planning Corp now owns 8,000 shares of the business services provider’s stock valued at $1,973,000 after buying an additional 1,142 shares in the last quarter. iA Global Asset Management Inc. grew its stake in shares of Republic Services by 41.0% in the second quarter. iA Global Asset Management Inc. now owns 17,200 shares of the business services provider’s stock valued at $4,242,000 after buying an additional 5,000 shares in the last quarter. TIAA Trust National Association grew its stake in shares of Republic Services by 8.2% in the second quarter. TIAA Trust National Association now owns 4,444 shares of the business services provider’s stock valued at $1,096,000 after buying an additional 336 shares in the last quarter. Regal Partners Ltd acquired a new stake in shares of Republic Services in the second quarter valued at $250,000. Finally, Longbow Finance SA acquired a new stake in shares of Republic Services in the second quarter valued at $8,636,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In other Republic Services news, 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 acquisition, the insider directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by insiders.

Republic Services Stock Down 1.5%

Shares of NYSE RSG opened at $205.10 on Tuesday. The company has a market capitalization of $64.03 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50-day moving average of $225.11 and a two-hundred day moving average of $237.36. Republic Services, Inc. has a 1 year low of $198.89 and a 1 year high of $258.75.

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

Republic Services Announces Dividend

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

Analyst Ratings Changes

RSG has been the subject of a number of research reports. Stifel Nicolaus dropped their price objective on Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Barclays initiated coverage on Republic Services in a research note on Friday, September 19th. They set an “equal weight” rating and a $240.00 target price for the company. Finally, BMO Capital Markets boosted their target price on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $253.85.

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.