Heartland Bank & Trust Co Has $528,000 Stock Holdings in Republic Services, Inc. $RSG

Heartland Bank & Trust Co reduced its stake in shares of Republic Services, Inc. (NYSE:RSG) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,143 shares of the business services provider’s stock after selling 52 shares during the period. Heartland Bank & Trust Co’s holdings in Republic Services were worth $528,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RSG. Golden State Wealth Management LLC raised its holdings in Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after buying an additional 106 shares during the period. Cranbrook Wealth Management LLC raised its holdings in Republic Services by 1,222.2% during 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 period. Key Financial Inc raised its holdings in Republic Services by 380.8% during 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 period. TCTC Holdings LLC raised its holdings in Republic Services by 113.8% during 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 period. Finally, Elequin Capital LP acquired a new stake in shares of Republic Services in the first quarter valued at approximately $30,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Down 0.9%

RSG opened at $223.04 on Tuesday. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $69.64 billion, a P/E ratio of 32.99, a P/E/G ratio of 3.64 and a beta of 0.59. The stock has a fifty day moving average of $230.01 and a 200-day moving average of $239.70.

Republic Services (NYSE:RSG) last posted 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 company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities analysts expect 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 paid a $0.625 dividend. 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. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services’s payout ratio is presently 36.98%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RSG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Stifel Nicolaus started coverage on shares of Republic Services in a report on Monday, September 29th. They issued a “buy” rating and a $257.00 price objective on the stock. Oppenheimer lowered their price objective 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. Barclays began coverage on shares of Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective on the stock. Finally, Citigroup decreased their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $258.85.

Insider Activity

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

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.