Republic Services, Inc. $RSG Shares Purchased by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,469 shares of the business services provider’s stock after purchasing an additional 100 shares during the period. Chemistry Wealth Management LLC’s holdings in Republic Services were worth $362,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RSG. Brighton Jones LLC boosted its stake in Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Republic Services in the fourth quarter valued at $246,000. Janus Henderson Group PLC boosted its stake in Republic Services by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 32,148 shares of the business services provider’s stock valued at $6,468,000 after acquiring an additional 217 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of Republic Services by 2.8% during the fourth quarter. Pathstone Holdings LLC now owns 34,884 shares of the business services provider’s stock worth $7,018,000 after buying an additional 947 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Republic Services by 9.7% during the fourth quarter. ProShare Advisors LLC now owns 36,980 shares of the business services provider’s stock worth $7,440,000 after buying an additional 3,278 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In related news, EVP Gregg Brummer sold 7,338 shares of the firm’s 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 sale, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Republic Services Trading Down 1.6%

Shares of RSG opened at $228.46 on Monday. 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 firm has a 50 day simple moving average of $235.93 and a 200-day simple moving average of $241.03. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The stock has a market cap of $71.33 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 3.56 and a beta of 0.59.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the company posted $1.61 EPS. The company’s 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 forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 34.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RSG shares. Wall Street Zen downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Scotiabank increased their target price on shares of Republic Services from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, July 18th. Melius Research raised shares of Republic Services to a “hold” rating and set a $281.00 price target for the company in a report on Monday, June 9th. National Bank Financial raised shares of Republic Services to a “hold” rating in a report on Monday, May 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Republic Services from $229.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.17.

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.