Republic Services (NYSE:RSG) Stock Unloaded Rep. George Whitesides

Representative George Whitesides (D-California) recently sold shares of Republic Services, Inc. NYSE: RSG. In a filing disclosed on April 23rd, the Representative disclosed that they had sold between $100,001 and $250,000 in Republic Services stock on March 24th. The trade occurred in the Representative's "GEORGE WHITESIDES INDIVIDUAL" account.

Representative George Whitesides also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of Netflix NASDAQ: NFLX on 3/27/2025.
• Sold $250,001 - $500,000 in shares of Innoviva NASDAQ: INVA on 3/25/2025.
• Sold $100,001 - $250,000 in shares of Linde NASDAQ: LIN on 3/24/2025.
• Sold $100,001 - $250,000 in shares of Procter & Gamble NYSE: PG on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Sandoz Group OTCMKTS: SDZNY on 3/24/2025.
• Sold $15,001 - $50,000 in shares of American Electric Power NASDAQ: AEP on 3/24/2025.
• Sold $50,001 - $100,000 in shares of Medtronic NYSE: MDT on 3/24/2025.
• Sold $100,001 - $250,000 in shares of McDonald's NYSE: MCD on 3/24/2025.
• Sold $15,001 - $50,000 in shares of Bank of America NYSE: BAC on 3/24/2025.
• Sold $15,001 - $50,000 in shares of Diageo NYSE: DEO on 3/24/2025.

Republic Services Stock Performance

Shares of NYSE RSG traded up $2.73 during mid-day trading on Monday, reaching $246.29. 1,480,305 shares of the company were exchanged, compared to its average volume of 1,117,671. The stock has a market capitalization of $76.96 billion, a P/E ratio of 37.95, a P/E/G ratio of 3.64 and a beta of 0.62. The company's 50-day simple moving average is $236.86 and its 200-day simple moving average is $219.68. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $249.73.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company posted $1.45 earnings per share. Republic Services's revenue was up 3.8% compared to the same quarter last year. As a group, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.94%. Republic Services's dividend payout ratio is presently 34.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RSG shares. Argus set a $260.00 price objective on shares of Republic Services in a report on Tuesday, February 18th. Raymond James reissued an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. Cibc World Mkts upgraded Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Royal Bank of Canada restated an "outperform" rating on shares of Republic Services in a research note on Friday. Finally, Morgan Stanley upped their target price on shares of Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $245.38.

Hedge Funds Weigh In On Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Republic Services by 11.0% during the third quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock valued at $135,598,000 after purchasing an additional 66,842 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of Republic Services by 36.2% during the 3rd quarter. Virtu Financial LLC now owns 11,944 shares of the business services provider's stock valued at $2,399,000 after purchasing an additional 3,172 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of Republic Services by 3.2% in the third quarter. Anchor Investment Management LLC now owns 38,501 shares of the business services provider's stock worth $7,732,000 after purchasing an additional 1,204 shares during the last quarter. World Investment Advisors LLC boosted its stake in Republic Services by 25.8% during the third quarter. World Investment Advisors LLC now owns 3,055 shares of the business services provider's stock valued at $613,000 after buying an additional 626 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Republic Services during the 3rd quarter valued at approximately $1,065,000. Institutional investors own 57.73% of the company's stock.

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services 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 transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company's stock.

About Representative Whitesides

George Whitesides (Democratic Party) is a member of the U.S. House, representing California's 27th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Whitesides (Democratic Party) ran for election to the U.S. House to represent California's 27th Congressional District. He won in the general election on November 5, 2024. George Whitesides earned a bachelor's degree in public and international affairs from Princeton University in 1996 and a master's degree in remote sensing and GIS from the University of Cambridge in 2000. His career experience includes working as the chief of staff for NASA during the administration of President Barack Obama (D) and the CEO of human spaceflight company Virgin Galactic. Whitesides co-founded Megafire Action, an organization dedicated to responding to wildfires. Whitesides co-chaired the Antelope Valley Covid-19 Task Force and joined the Antelope Valley Economic Development and Growth Enterprise (AV EDGE) as a board member.

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.