Republic Services, Inc. (NYSE:RSG) Shares Purchased by Wedbush Securities Inc.

11 Apr 2025, 07:23 by Jessica Moore · The Cerbat Gem

Wedbush Securities Inc. increased its stake in Republic Services, Inc. (NYSE:RSG – Free Report) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,094 shares of the business services provider’s stock after purchasing an additional 60 shares during the period. Wedbush Securities Inc.’s holdings in Republic Services were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of RSG. Arcadia Investment Management Corp MI grew its holdings in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares during the last quarter. R Squared Ltd acquired a new stake in Republic Services during the 4th quarter worth about $32,000. New Age Alpha Advisors LLC grew its stake in Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services in the fourth quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Republic Services during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. UBS Group boosted their target price on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Argus set a $260.00 price target on Republic Services in a research report on Tuesday, February 18th. Finally, Truist Financial reissued a “buy” rating and issued a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.50.

View Our Latest Report on Republic Services

Republic Services Price Performance

Shares of NYSE RSG opened at $239.88 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The firm has a fifty day moving average of $232.75 and a 200 day moving average of $216.39. The firm has a market cap of $74.91 billion, a PE ratio of 36.96, a PEG ratio of 3.64 and a beta of 0.62. Republic Services, Inc. has a one year low of $180.92 and a one year high of $249.73.

Republic Services (NYSE:RSG – Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the previous year, the company earned $1.41 earnings per share. As a group, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.97%. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Republic Services Profile

(Free Report)