VCI Wealth Management LLC Has $1.40 Million Stock Holdings in Republic Services, Inc. $RSG

VCI Wealth Management LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 11.5% during the second quarter, HoldingsChannel.com reports. The firm owned 5,656 shares of the business services provider’s stock after purchasing an additional 583 shares during the period. VCI Wealth Management LLC’s holdings in Republic Services were worth $1,395,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake 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 valued at $26,000 after purchasing 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 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 in the last quarter. Key Financial Inc boosted its stake in shares of Republic Services by 380.8% during 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 boosted its stake in shares of Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 66 shares in the last quarter. Finally, Elequin Capital LP bought a new position in shares of Republic Services during the first quarter worth about $30,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RSG. Oppenheimer lowered their price objective on Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Scotiabank set a $250.00 price objective on Republic Services in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Citigroup reduced their price objective on Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Finally, Raymond James Financial set a $260.00 price objective on Republic Services and gave the company an “outperform” rating in a research note on Monday, October 6th. Two 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Republic Services Stock Up 0.1%

RSG stock opened at $220.13 on Tuesday. The stock’s fifty day simple moving average is $228.57 and its two-hundred day simple moving average is $238.93. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The stock has a market cap of $68.73 billion, a P/E ratio of 32.56, a P/E/G ratio of 3.56 and a beta of 0.59.

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, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.61 earnings per share. The business’s 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. Analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were given a $0.625 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, October 2nd. Republic Services’s payout ratio is presently 36.98%.

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 business’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the transaction, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the transaction, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by 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.