Eastover Investment Advisors LLC Has $8.11 Million Stake in Republic Services, Inc. $RSG

Eastover Investment Advisors LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,894 shares of the business services provider’s stock after buying an additional 104 shares during the period. Republic Services comprises about 3.6% of Eastover Investment Advisors LLC’s investment portfolio, making the stock its 10th largest position. Eastover Investment Advisors LLC’s holdings in Republic Services were worth $8,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Republic Services by 39,024.4% during the first quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider’s stock valued at $539,091,000 after purchasing an additional 2,220,487 shares during the last quarter. C WorldWide Group Holding A S bought a new stake in Republic Services during the first quarter valued at $230,013,000. Nuveen LLC bought a new stake in Republic Services during the first quarter valued at $198,685,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Republic Services by 27.9% during 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 valued at $427,009,000 after purchasing an additional 384,695 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Republic Services during the first quarter valued at $63,910,000. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares of the company’s stock, valued at $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Stock Performance

Shares of RSG opened at $228.31 on Friday. The firm has a 50-day moving average price of $233.11 and a 200 day moving average price of $240.40. The firm has a market capitalization of $71.28 billion, a PE ratio of 33.77, a P/E/G ratio of 3.54 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, Inc. has a 52-week low of $197.60 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The firm had revenue of $4.24 billion during 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%. Republic Services’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Melius assumed coverage on shares of Republic Services in a research note on Monday, June 9th. They set a “hold” rating for the company. Barclays initiated coverage on shares of Republic Services in a research report on Friday, September 19th. They set an “equal weight” rating and a $240.00 price target for the company. Oppenheimer upped their price target on shares of Republic Services from $262.00 to $268.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. UBS Group set a $260.00 price target on shares of Republic Services and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Citigroup lowered their price target on shares of 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, twelve have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.58.

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.