Mutual of America Capital Management LLC Reduces Stock Position in Republic Services, Inc. $RSG

Mutual of America Capital Management LLC lowered its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 1.3% in the second quarter, Holdings Channel.com reports. The fund owned 23,299 shares of the business services provider’s stock after selling 311 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Republic Services were worth $5,746,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RSG. C WorldWide Group Holding A S purchased a new position in Republic Services during the 1st quarter valued at $230,013,000. Nuveen LLC purchased a new stake in shares of Republic Services in the 1st quarter worth $198,685,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Republic Services by 118.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after buying an additional 437,190 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Republic Services by 27.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider’s stock worth $427,009,000 after buying an additional 384,695 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Republic Services by 16.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,764 shares of the business services provider’s stock worth $394,906,000 after buying an additional 225,835 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of Republic Services stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the transaction, the insider directly owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregg Brummer sold 7,338 shares of the company’s stock in a transaction dated 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 in the company, valued at $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group lowered their target price on Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Scotiabank set a $250.00 target price on Republic Services in a report on Friday, October 10th. BMO Capital Markets upped their target price on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Oppenheimer decreased their price objective on Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Republic Services Trading Up 0.4%

Shares of NYSE RSG opened at $220.97 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $68.99 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 3.56 and a beta of 0.59. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The business has a fifty day moving average price of $228.33 and a 200 day moving average price of $238.80.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The firm 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%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

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.