ProShare Advisors LLC Purchases 3,459 Shares of Republic Services, Inc. $RSG

ProShare Advisors LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,234 shares of the business services provider’s stock after acquiring an additional 3,459 shares during the quarter. ProShare Advisors LLC’s holdings in Republic Services were worth $10,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RSG. Ignite Planners LLC increased its stake in shares of Republic Services by 2.8% in the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock worth $376,000 after purchasing an additional 43 shares in the last quarter. Gries Financial LLC boosted its holdings in Republic Services by 3.8% in the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock worth $308,000 after buying an additional 46 shares during the period. TD Private Client Wealth LLC grew its stake in 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 in the last quarter. Hemington Wealth Management raised its holdings in Republic Services by 6.2% during the 1st quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock valued at $195,000 after acquiring an additional 47 shares during the period. Finally, McGlone Suttner Wealth Management Inc. lifted its position in shares of Republic Services by 2.1% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider’s stock worth $589,000 after acquiring an additional 48 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

RSG stock opened at $205.36 on Thursday. The firm has a 50 day simple moving average of $221.19 and a two-hundred day simple moving average of $235.63. The stock has a market cap of $63.57 billion, a PE ratio of 30.38, a P/E/G ratio of 3.40 and a beta of 0.57. Republic Services, Inc. has a one year low of $199.43 and a one year high of $258.75. 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 (NYSE:RSG) last posted its quarterly earnings data 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 net margin of 12.97% and a return on equity of 18.27%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

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

Wall Street Analyst Weigh In

RSG has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price objective on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. BMO Capital Markets upped their price target on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Jefferies Financial Group set a $248.00 price objective on shares of Republic Services and gave the company a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein started coverage on shares of Republic Services in a research note on Wednesday. They issued a “market perform” rating and a $205.00 target price on the stock. Finally, UBS Group cut 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $251.52.

Insider Transactions at Republic Services

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction that occurred 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 transaction, the executive vice president directly owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This represents a 0.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company 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.