iA Global Asset Management Inc. Purchases 5,000 Shares of Republic Services, Inc. $RSG

iA Global Asset Management Inc. increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 41.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,200 shares of the business services provider’s stock after acquiring an additional 5,000 shares during the period. iA Global Asset Management Inc.’s holdings in Republic Services were worth $4,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in shares of Republic Services by 3,533.3% in 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 last quarter. Cranbrook Wealth Management LLC increased its holdings in shares of Republic Services by 1,222.2% in 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 last quarter. Key Financial Inc increased its holdings in shares of Republic Services by 380.8% in 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 last quarter. TCTC Holdings LLC increased its holdings in shares of Republic Services by 113.8% in 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 last quarter. Finally, Elequin Capital LP bought a new position in shares of Republic Services in the 1st quarter worth $30,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Republic Services Trading Down 0.7%

Shares of RSG opened at $208.49 on Monday. The stock has a market capitalization of $65.09 billion, a P/E ratio of 30.84, a PEG ratio of 3.40 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. The firm has a fifty day simple moving average of $225.66 and a two-hundred day simple moving average of $237.63. Republic Services, Inc. has a twelve month low of $197.60 and a twelve month high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.81 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio is presently 37.20%.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of research analyst reports. Scotiabank decreased their price target on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a report on Friday. National Bankshares decreased their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Oppenheimer set a $256.00 price objective on shares of Republic Services in a research note on Friday. Citigroup cut their price objective 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. Finally, Barclays initiated coverage on shares of Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average price target of $253.65.

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.