Savant Capital LLC Purchases 2,001 Shares of Republic Services, Inc. $RSG

Savant Capital LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 6.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,652 shares of the business services provider’s stock after buying an additional 2,001 shares during the quarter. Savant Capital LLC’s holdings in Republic Services were worth $8,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Ignite Planners LLC boosted its position in shares of Republic Services by 2.8% in the 2nd 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 shares of Republic Services by 3.8% during the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 46 shares during the last quarter. TD Private Client Wealth LLC grew its position 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 worth $75,000 after purchasing an additional 46 shares during the period. Hemington Wealth Management increased its position in Republic Services by 6.2% during the first 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 last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its position in shares of Republic Services by 2.1% during 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 purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RSG shares. Scotiabank decreased their target price on Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Barclays started coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective on the stock. National Bankshares decreased their target price on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $253.85.

Insider Transactions at Republic Services

In other 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 value of $1,716,651.72. Following the transaction, the executive vice president owned 4,060 shares of the company’s stock, valued at $949,796.40. The trade was a 64.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the acquisition, the insider directly owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.11% of the stock is currently owned by company insiders.

Republic Services Trading Up 0.7%

Shares of NYSE RSG opened at $205.60 on Friday. Republic Services, Inc. has a twelve month low of $199.43 and a twelve month high of $258.75. The business has a fifty day simple moving average of $222.86 and a two-hundred day simple moving average of $236.44. The firm has a market cap of $63.65 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04.

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

Republic Services Dividend Announcement

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

Republic Services 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.