Tradewinds Capital Management LLC Boosts Stock Holdings in Republic Services, Inc. $RSG

Tradewinds Capital Management LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 154.1% during the second quarter, Holdings Channel reports. The fund owned 216 shares of the business services provider’s stock after acquiring an additional 131 shares during the period. Tradewinds Capital Management LLC’s holdings in Republic Services were worth $53,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Ignite Planners LLC increased its position in shares of Republic Services by 2.8% during the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock worth $376,000 after acquiring an additional 43 shares during the period. Gries Financial LLC increased its position in shares of Republic Services by 3.8% during the second quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock worth $308,000 after acquiring an additional 46 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Republic Services by 17.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 46 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Republic Services by 6.2% in the 1st quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock valued at $195,000 after purchasing an additional 47 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in shares of Republic Services by 2.1% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider’s stock valued at $589,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.7%

NYSE RSG opened at $219.87 on Friday. 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’s fifty day moving average price is $228.91 and its 200 day moving average price is $239.14. The company has a market capitalization of $68.65 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the firm posted $1.61 EPS. 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, sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s payout ratio is 36.98%.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the acquisition, the insider directly owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of Republic Services 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 in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RSG shares. Raymond James Financial set a $260.00 price objective on shares of Republic Services and gave the company an “outperform” rating in a report on Monday, October 6th. Citigroup reduced their price objective on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. reduced their price objective on shares of Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday. Oppenheimer reduced 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Two research 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 currently has an average rating of “Moderate Buy” and a consensus price target of $257.10.

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.