Asset Management One Co. Ltd. Purchases 257 Shares of Republic Services, Inc. $RSG

Asset Management One Co. Ltd. lifted its position in Republic Services, Inc. (NYSE:RSG) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,858 shares of the business services provider’s stock after purchasing an additional 257 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Republic Services were worth $26,845,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RSG. C WorldWide Group Holding A S purchased a new position in Republic Services in the first quarter worth about $230,013,000. Nuveen LLC purchased a new position in Republic Services in the first quarter worth about $198,685,000. Robeco Institutional Asset Management B.V. grew its position in Republic Services by 118.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after acquiring an additional 437,190 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Republic Services by 27.9% in the first 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 acquiring an additional 384,695 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Republic Services by 16.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,764 shares of the business services provider’s stock worth $394,906,000 after acquiring an additional 225,835 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RSG. Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. BMO Capital Markets boosted their target price on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Scotiabank set a $250.00 target price on Republic Services in a research report on Friday, October 10th. Oppenheimer dropped their target price 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, Barclays started coverage on Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.10.

Republic Services Trading Up 0.0%

RSG stock opened at $223.16 on Friday. 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, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75. The firm has a market cap of $69.68 billion, a P/E ratio of 33.01, a PEG ratio of 3.60 and a beta of 0.59. The company’s 50-day simple moving average is $227.75 and its 200-day simple moving average is $238.61.

Republic Services (NYSE:RSG) last released 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. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, January 2nd. Republic Services’s dividend payout ratio is currently 36.98%.

Insider Buying and Selling at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of the firm’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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased 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 of the company’s stock, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

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.