McGlone Suttner Wealth Management Inc. Buys 48 Shares of Republic Services, Inc. $RSG

McGlone Suttner Wealth Management Inc. grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.1% in the 2nd quarter, Holdings Channel reports. The firm owned 2,387 shares of the business services provider’s stock after acquiring an additional 48 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Republic Services were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Republic Services by 18.0% in the second quarter. GAMMA Investing LLC now owns 10,845 shares of the business services provider’s stock valued at $2,674,000 after buying an additional 1,652 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in Republic Services by 7.5% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 936 shares of the business services provider’s stock worth $231,000 after purchasing an additional 65 shares during the period. Lewis Asset Management LLC acquired a new position in Republic Services in the second quarter valued at approximately $666,000. Sowell Financial Services LLC boosted its holdings in shares of Republic Services by 15.7% during the 2nd quarter. Sowell Financial Services LLC now owns 1,243 shares of the business services provider’s stock worth $307,000 after buying an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Republic Services by 1.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,915 shares of the business services provider’s stock worth $1,952,000 after buying an additional 104 shares during the period. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. UBS Group set a $260.00 price objective on shares of Republic Services and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Oppenheimer boosted their target price on Republic Services from $262.00 to $268.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Citigroup cut their price target on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Finally, National Bank Financial upgraded Republic Services to a “hold” rating in a report on Monday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.58.

Republic Services Trading Up 0.1%

Shares of Republic Services stock opened at $226.90 on Monday. The stock has a fifty day moving average price of $234.54 and a 200-day moving average price of $240.71. 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 firm has a market cap of $70.84 billion, a PE ratio of 33.57, a P/E/G ratio of 3.54 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.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.01. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services’s dividend payout ratio is currently 34.32%.

Insiders Place Their Bets

In related news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction dated 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 sale, the executive vice president owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 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 completion of the acquisition, the insider 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 disclosure for this purchase can be found here. Company 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.