5,451 Shares in Republic Services, Inc. $RSG Purchased by Portfolio Design Labs LLC

Key Points

• Portfolio Design Labs LLC purchased 5,451 Republic Services shares worth approximately $1.16 million in the second quarter. Institutional investors collectively own 57.73% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $245.26; Republic Services shares recently opened at $219.58.
• Republic Services beat quarterly earnings and revenue estimates, while revenue rose 4.6% year over year. The company also increased its quarterly dividend from $0.62 to $0.67 per share, yielding about 1.2% annually.

Portfolio Design Labs LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,451 shares of the business services provider's stock, valued at approximately $1,162,000.

A number of other institutional investors have also modified their holdings of RSG. Brighton Jones LLC raised its stake in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock valued at $3,988,000 after acquiring an additional 8,547 shares in the last quarter. Federated Hermes Inc. grew its stake in Republic Services by 23.2% in the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider's stock worth $4,329,000 after purchasing an additional 3,303 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Republic Services by 3.6% during the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider's stock worth $7,322,000 after purchasing an additional 1,044 shares during the period. Treasurer of the State of North Carolina raised its position in Republic Services by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider's stock valued at $23,336,000 after purchasing an additional 688 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in shares of Republic Services by 68.4% in the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider's stock worth $2,871,000 after buying an additional 4,729 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RSG has been the topic of several research reports. Barclays raised their price target on Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Citigroup increased their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Argus downgraded shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Morgan Stanley set a $232.00 price target on shares of Republic Services in a research report on Friday, August 7th. Finally, UBS Group increased their price objective 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 equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $245.26.

Republic Services Price Performance

Shares of RSG stock opened at $219.58 on Friday. The stock's 50-day moving average is $214.75 and its 200 day moving average is $215.01. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $237.06. 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 company has a market cap of $67.24 billion, a P/E ratio of 31.10, a PEG ratio of 3.62 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.67 dividend. 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%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services's dividend payout ratio is presently 35.41%.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the purchase, the insider directly owned 111,065,646 shares in the company, valued at $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director directly owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have bought 1,599,643 shares of company stock worth $346,519,404. Insiders own 0.12% of the company's stock.

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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