160,156 Shares in Republic Services, Inc. $RSG Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management acquired 160,156 Republic Services shares worth approximately $34.1 million, while institutional investors overall own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS versus the $1.81 consensus and $4.43 billion in revenue, up 4.6% year over year. The company issued fiscal 2026 EPS guidance of $7.23–$7.28.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26, and Republic Services raised its quarterly dividend from $0.62 to $0.67 per share, implying a 1.2% annual yield.

Flputnam Investment Management Co. purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 160,156 shares of the business services provider's stock, valued at approximately $34,126,000. Flputnam Investment Management Co. owned about 0.05% of Republic Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in RSG. State Street Corp grew its position in Republic Services by 1.7% during the fourth quarter. State Street Corp now owns 9,695,747 shares of the business services provider's stock valued at $2,054,820,000 after acquiring an additional 166,474 shares during the period. Capital World Investors raised its holdings in shares of Republic Services by 27.7% in the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider's stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares during the period. Morgan Stanley lifted its stake in shares of Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider's stock valued at $1,133,509,000 after purchasing an additional 1,490,719 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Republic Services by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider's stock worth $1,074,513,000 after purchasing an additional 807,525 shares during the period. Finally, Norges Bank acquired a new stake in Republic Services during the 4th quarter worth approximately $617,165,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director directly owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the acquisition, the insider owned 111,065,646 shares in the company, valued at approximately $23,866,896,668.94. The trade was a 0.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 864,624 shares of company stock worth $186,474,430 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on RSG. Barclays raised their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an "outperform" rating and issued a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. UBS Group raised their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada upped their price target on shares of Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Republic Services in a research report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $245.26.

Republic Services Stock Performance

NYSE:RSG opened at $214.75 on Monday. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $238.62. The firm has a 50-day moving average of $214.01 and a two-hundred day moving average of $214.95. 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 stock has a market cap of $65.76 billion, a P/E ratio of 30.42, a PEG ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last announced 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 company had revenue of $4.43 billion for 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%.Republic Services's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts expect 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 paid a dividend of $0.67 per share. The ex-dividend date is Friday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services's payout ratio is currently 35.41%.

About Republic Services

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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