SL Advisors LLC Sells 146 Shares of Republic Services, Inc. (NYSE:RSG)

08 Jan 2025, 19:05 by Michael Walen · The Markets Daily

SL Advisors LLC reduced its stake in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,320 shares of the business services provider’s stock after selling 146 shares during the quarter. Republic Services comprises 1.4% of SL Advisors LLC’s portfolio, making the stock its 19th biggest holding. SL Advisors LLC’s holdings in Republic Services were worth $869,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RSG. FSA Wealth Management LLC bought a new position in Republic Services in the third quarter worth about $25,000. Wolff Wiese Magana LLC grew its holdings in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new position in shares of Republic Services in the third quarter worth $31,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the 3rd quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Republic Services during the 2nd quarter valued at $36,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Shares of Republic Services stock traded up $3.44 during trading on Wednesday, hitting $206.49. 568,571 shares of the stock were exchanged, compared to its average volume of 819,222. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s fifty day moving average is $208.37 and its 200 day moving average is $203.76. The stock has a market cap of $64.66 billion, a PE ratio of 33.04, a P/E/G ratio of 3.30 and a beta of 0.73. Republic Services, Inc. has a 12 month low of $162.86 and a 12 month high of $220.58.

Republic Services (NYSE:RSG – Get Free Report) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm posted $1.54 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RSG. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. CIBC increased their price objective on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $219.00 to $237.00 in a report on Monday. Finally, William Blair assumed coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $221.12.

Check Out Our Latest Stock Report on RSG

Insider Activity at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Profile

(Free Report)