Focus Partners Advisor Solutions LLC Sells 194 Shares of Republic Services, Inc. $RSG

Focus Partners Advisor Solutions LLC cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,491 shares of the business services provider’s stock after selling 194 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Republic Services were worth $367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its stake in 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 buying an additional 106 shares during the last quarter. Cranbrook Wealth Management LLC increased its holdings in shares of Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after buying an additional 110 shares during the last quarter. TCTC Holdings LLC increased its holdings in shares of Republic Services by 113.8% in the 1st quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after buying an additional 66 shares during the last quarter. Key Financial Inc increased its holdings in shares of Republic Services by 380.8% in the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after buying an additional 99 shares during the last quarter. Finally, Elequin Capital LP bought a new stake in shares of Republic Services in the 1st quarter worth about $30,000. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

Shares of RSG stock opened at $210.24 on Friday. 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 company has a market capitalization of $65.64 billion, a P/E ratio of 31.10, a P/E/G ratio of 3.40 and a beta of 0.59. The company’s 50-day simple moving average is $226.17 and its two-hundred day simple moving average is $237.98. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, October 30th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, January 2nd. Republic Services’s dividend payout ratio is currently 36.98%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RSG shares. Raymond James Financial set a $260.00 target price on shares of Republic Services and gave the stock an “outperform” rating in a report on Monday, October 6th. Oppenheimer reduced their target price on shares of Republic Services from $268.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. National Bankshares cut their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Finally, Stifel Nicolaus began coverage on Republic Services in a report on Monday, September 29th. They issued a “buy” rating and a $257.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregg Brummer sold 7,338 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the sale, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. The trade was a 64.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is owned by corporate insiders.

Republic Services Company 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.