Spirit of America Management Corp NY Has $247,000 Stake in Republic Services, Inc. $RSG

Spirit of America Management Corp NY increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 33.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,000 shares of the business services provider’s stock after purchasing an additional 250 shares during the quarter. Spirit of America Management Corp NY’s holdings in Republic Services were worth $247,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in RSG. 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 valued at $26,000 after buying an additional 106 shares during the period. Cranbrook Wealth Management LLC boosted its position in Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares during the last quarter. Key Financial Inc grew its stake in Republic Services by 380.8% in the first quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. TCTC Holdings LLC raised 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 purchasing an additional 66 shares in the last quarter. Finally, Elequin Capital LP acquired a new stake in shares of Republic Services during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

RSG opened at $219.87 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock’s 50 day moving average price is $228.91 and its two-hundred day moving average price is $239.10. The firm has a market capitalization of $68.65 billion, a P/E ratio of 32.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.59. Republic Services, Inc. has a 12-month low of $197.60 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.Republic Services’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd were paid a $0.625 dividend. The ex-dividend date was Thursday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s dividend payout ratio is 36.98%.

Wall Street Analyst Weigh In

RSG has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Oppenheimer lowered their target price on shares of Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. National Bankshares decreased their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Finally, BMO Capital Markets raised their price objective on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $257.10.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, the executive vice president directly owned 4,060 shares in the company, valued at $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

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.