Woodward Diversified Capital LLC Buys Shares of 814 Republic Services, Inc. $RSG

Woodward Diversified Capital LLC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 814 shares of the business services provider’s stock, valued at approximately $201,000.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in shares of Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after buying an additional 106 shares during the period. Cranbrook Wealth Management LLC raised its stake in 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 valued at $29,000 after acquiring an additional 110 shares in the last quarter. Key Financial Inc boosted its position in 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 during the period. TCTC Holdings LLC grew its stake in shares of Republic Services by 113.8% in the first 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 position in shares of Republic Services during the first quarter valued at $30,000. 57.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RSG. UBS Group set a $260.00 target price on shares of Republic Services and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Melius Research upgraded shares of Republic Services to a “hold” rating and set a $281.00 price objective for the company in a report on Monday, June 9th. Scotiabank boosted their target price on Republic Services from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, July 18th. Oppenheimer increased their price target on Republic Services from $262.00 to $268.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Finally, Melius assumed coverage on Republic Services in a research note on Monday, June 9th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.58.

Republic Services Price Performance

NYSE RSG opened at $222.50 on Friday. Republic Services, Inc. has a 1 year low of $197.60 and a 1 year high of $258.75. The business’s fifty day moving average is $231.87 and its two-hundred day moving average is $240.27. The stock has a market capitalization of $69.47 billion, a P/E ratio of 32.91, a P/E/G ratio of 3.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66.

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

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s dividend payout ratio is presently 36.98%.

Insider Activity

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 directly owned 4,060 shares of the company’s stock, valued at $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 is available at this link. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the business’s stock in a transaction dated 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 acquisition, the insider directly owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

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.