Republic Services, Inc. $RSG Stock Position Decreased by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 478,555 shares of the business services provider’s stock after selling 77,771 shares during the quarter. Bank of Montreal Can owned 0.15% of Republic Services worth $118,016,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after acquiring an additional 106 shares in the last quarter. Cranbrook Wealth Management LLC boosted its stake in shares of Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after acquiring an additional 110 shares in the last quarter. TCTC Holdings LLC boosted its stake in shares of Republic Services by 113.8% during the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after acquiring an additional 66 shares in the last quarter. Key Financial Inc boosted its stake in shares of Republic Services by 380.8% during the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in shares of Republic Services during the 1st quarter worth $30,000. 57.73% of the stock is owned by institutional investors.

Insider Activity

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the firm’s 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 directly owned 4,060 shares in the company, valued at $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business’s stock in a transaction 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 acquisition, the insider 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 disclosure for this purchase is available in the SEC filing. 0.11% of the stock is owned by company insiders.

Republic Services Price Performance

RSG opened at $205.10 on Tuesday. The stock has a market cap of $64.03 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 3.40 and a beta of 0.59. Republic Services, Inc. has a 1 year low of $198.89 and a 1 year high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average price of $225.11 and a 200 day moving average price of $237.36.

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

Republic Services Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, January 2nd. Republic Services’s dividend payout ratio (DPR) is 37.20%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RSG shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Republic Services in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday. BMO Capital Markets raised their target price on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. Finally, Robert W. Baird set a $240.00 target price on Republic Services in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.85.

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.