19,159 Shares in Republic Services, Inc. $RSG Purchased by Silvant Capital Management LLC

Key Points

• Silvant Capital Management acquired 19,159 shares of Republic Services worth approximately $4.08 million, while institutional investors overall own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS and $4.43 billion in revenue, with revenue up 4.6% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $245.26.
• The company raised its quarterly dividend to $0.67 per share, equivalent to $2.68 annually and a 1.2% yield; major shareholder Cascade Investment also purchased roughly $56.2 million of stock.

Silvant Capital Management LLC bought a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,159 shares of the business services provider's stock, valued at approximately $4,082,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Watch Advisors INC purchased a new position in Republic Services in the third quarter valued at approximately $26,000. Bell Investment Advisors Inc bought a new position in Republic Services during the second quarter valued at $25,000. Laurel Wealth Advisors LLC purchased a new stake in Republic Services in the fourth quarter worth $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services in the second quarter valued at $27,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Republic Services during the 4th quarter valued at $30,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the subject of several recent research reports. Citigroup lifted 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. Barclays upped their price objective 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. Royal Bank Of Canada lifted their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Argus lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Finally, UBS Group upped their price target 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. Eleven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and an average target price of $245.26.

Republic Services Stock Performance

NYSE:RSG opened at $219.58 on Friday. The business's fifty day moving average is $214.75 and its 200 day moving average is $215.01. The firm has a market cap of $67.24 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 3.62 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $237.06.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. 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 EPS for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 1.2%. This is an increase from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services's dividend payout ratio (DPR) is 35.41%.

Insider Activity at Republic Services

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were 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 of the company's stock, valued at $12,254.24. This trade represents a 96.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of Republic Services stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the transaction, the insider directly owned 111,065,646 shares in the company, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 1,599,643 shares of company stock valued at $346,519,404. 0.12% of the stock is owned by corporate insiders.

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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