Nicholas Company Inc. Sells 10,415 Shares of Republic Services, Inc. $RSG

Nicholas Company Inc. decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 15.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 56,037 shares of the business services provider’s stock after selling 10,415 shares during the quarter. Nicholas Company Inc.’s holdings in Republic Services were worth $13,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ignite Planners LLC raised its position in shares of Republic Services by 2.8% during the 2nd quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 43 shares during the last quarter. Gries Financial LLC grew its holdings in shares of Republic Services by 3.8% in the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock valued at $308,000 after buying an additional 46 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Republic Services by 17.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock valued at $75,000 after buying an additional 46 shares during the period. Hemington Wealth Management grew its holdings in shares of 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 during the period. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in shares of Republic Services by 2.1% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider’s stock valued at $589,000 after buying an additional 48 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed 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 transaction, the executive vice president owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This represents a 64.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG opened at $208.49 on Friday. The firm has a market cap of $65.09 billion, a PE ratio of 30.84, a PEG ratio of 3.40 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The company has a fifty day moving average price of $225.66 and a 200 day moving average price of $237.67.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RSG shares. Robert W. Baird set a $240.00 price target on shares of Republic Services in a report on Friday. Barclays started coverage on shares of Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target for the company. UBS Group decreased their price target on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. National Bankshares decreased their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Republic Services in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $253.65.

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.