Republic Services, Inc. $RSG Shares Acquired by Brighton Jones LLC

Brighton Jones LLC grew its position in Republic Services, Inc. (NYSE:RSG) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,980 shares of the business services provider’s stock after acquiring an additional 497 shares during the quarter. Brighton Jones LLC’s holdings in Republic Services were worth $4,927,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Ignite Planners LLC raised its stake in shares of Republic Services by 2.8% during the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock worth $376,000 after purchasing an additional 43 shares during the last quarter. Gries Financial LLC raised its stake in shares of Republic Services by 3.8% during the second quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock worth $308,000 after purchasing an additional 46 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Republic Services by 17.8% during the second quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock worth $75,000 after purchasing an additional 46 shares during the last quarter. Hemington Wealth Management raised its stake in shares of Republic Services by 6.2% during the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock worth $195,000 after purchasing an additional 47 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its stake in shares of Republic Services by 2.1% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider’s stock worth $589,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the subject of several analyst reports. Scotiabank set a $250.00 price target on Republic Services in a research note on Friday, October 10th. Stifel Nicolaus assumed coverage on Republic Services in a research report on Monday, September 29th. They issued a “buy” rating and a $257.00 price objective for the company. Raymond James Financial set a $260.00 price objective on Republic Services and gave the stock an “outperform” rating in a research report on Monday, October 6th. Oppenheimer cut 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. Finally, Citigroup cut their price objective on Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. 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, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.10.

Insiders Place Their Bets

In other news, EVP Gregg Brummer sold 7,338 shares of the firm’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 owned 4,060 shares in the company, valued at $949,796.40. This trade represents a 64.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the transaction, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This represents a 0.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Republic Services Trading Up 0.0%

Shares of RSG stock opened at $223.16 on Friday. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The stock has a market cap of $69.68 billion, a P/E ratio of 33.01, a P/E/G ratio of 3.60 and a beta of 0.59. The business has a fifty day simple moving average of $227.75 and a 200-day simple moving average of $238.69. 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 (NYSE:RSG) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the business posted $1.61 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a $0.625 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is currently 36.98%.

About Republic Services

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.