105,458 Shares in Republic Services, Inc. $RSG Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 105,458 shares of the business services provider's stock, valued at approximately $22,471,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Watch Advisors INC purchased a new stake in Republic Services in the third quarter valued at approximately $26,000. Bell Investment Advisors Inc purchased a new position in Republic Services during the second quarter worth approximately $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Republic Services in the 4th quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Republic Services during the 2nd quarter valued at $27,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Republic Services during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Trading Down 1.4%

NYSE:RSG opened at $219.05 on Friday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $235.18. The business's 50-day moving average is $216.07 and its two-hundred day moving average is $215.15. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $67.08 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.62. Republic Services's dividend payout ratio is currently 37.96%.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 269,477 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $221.88 per share, for a total transaction of $59,791,556.76. Following the acquisition, the insider directly owned 113,375,027 shares of the company's stock, valued at $25,155,650,990.76. This trade represents a 0.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders purchased 2,571,045 shares of company stock worth $561,731,613. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on RSG. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and issued a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Weiss Ratings upgraded Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Citigroup raised their price objective on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. Finally, Barclays increased their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $245.26.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic's core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.

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