Signaturefd LLC Acquires 170 Shares of Republic Services, Inc. $RSG

Signaturefd LLC lifted its position in Republic Services, Inc. (NYSE:RSG) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,247 shares of the business services provider’s stock after acquiring an additional 170 shares during the quarter. Signaturefd LLC’s holdings in Republic Services were worth $2,034,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RSG. First American Bank grew its position in shares of Republic Services by 0.6% in the second quarter. First American Bank now owns 34,471 shares of the business services provider’s stock valued at $8,501,000 after purchasing an additional 191 shares during the period. ORG Partners LLC increased its holdings in shares of Republic Services by 1,187.9% in the 2nd quarter. ORG Partners LLC now owns 850 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 784 shares during the period. Kirr Marbach & Co. LLC IN raised its holdings in Republic Services by 0.4% during the second quarter. Kirr Marbach & Co. LLC IN now owns 88,943 shares of the business services provider’s stock worth $21,934,000 after purchasing an additional 335 shares in the last quarter. Patton Fund Management Inc. purchased a new position in Republic Services in the 2nd quarter valued at approximately $223,000. Finally, Kathmere Capital Management LLC raised its position in shares of Republic Services by 6.8% in the second quarter. Kathmere Capital Management LLC now owns 4,326 shares of the business services provider’s stock valued at $1,067,000 after buying an additional 277 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the business’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 value of $1,716,651.72. Following the completion of the sale, 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 disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $228.31 on Friday. The stock’s 50-day simple moving average is $233.11 and its 200 day simple moving average is $240.47. 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, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The firm has a market capitalization of $71.28 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.59.

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

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s dividend payout ratio is presently 34.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Oppenheimer upped their target price on shares of Republic Services from $262.00 to $268.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Barclays began coverage on Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 target price on the stock. Raymond James Financial upped their price target on shares of Republic Services from $257.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Melius Research upgraded shares of Republic Services to a “hold” rating and set a $281.00 price target on the stock in a research report on Monday, June 9th. Finally, UBS Group set a $260.00 price objective on Republic Services and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Two 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.58.

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.