REAP Financial Group LLC Acquires 219 Shares of Republic Services, Inc. $RSG

REAP Financial Group LLC lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 171.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347 shares of the business services provider’s stock after acquiring an additional 219 shares during the period. REAP Financial Group LLC’s holdings in Republic Services were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RSG. Brighton Jones LLC raised its position in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 8,547 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Republic Services by 5.9% in the 1st quarter. UMB Bank n.a. now owns 2,008 shares of the business services provider’s stock valued at $486,000 after buying an additional 111 shares during the period. Park Avenue Securities LLC grew its stake in shares of Republic Services by 11.6% in the 1st quarter. Park Avenue Securities LLC now owns 8,596 shares of the business services provider’s stock valued at $2,082,000 after buying an additional 894 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Republic Services by 29.6% in the 1st quarter. Farther Finance Advisors LLC now owns 7,811 shares of the business services provider’s stock valued at $1,904,000 after buying an additional 1,782 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Republic Services by 61.6% in the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock valued at $2,226,000 after buying an additional 3,503 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

Shares of NYSE RSG opened at $225.37 on Thursday. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75. The stock’s 50 day moving average price is $230.49 and its 200-day moving average price is $239.98. The company has a market capitalization of $70.36 billion, a PE ratio of 33.34, a PEG ratio of 3.47 and a beta of 0.59. 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 earnings results 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. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a $0.625 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is presently 36.98%.

Analyst Ratings Changes

RSG has been the subject of several research reports. Citigroup reduced their target price 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. Barclays began coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price for the company. Raymond James Financial set a $260.00 price target on Republic Services and gave the company an “outperform” rating in a research note on Monday. National Bankshares cut their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, Oppenheimer cut their price target on Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday. Two 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.35.

Insider Buying and Selling

In related news, EVP Gregg Brummer sold 7,338 shares of Republic Services 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 sale, the executive vice president owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the acquisition, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

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.