7,331 Shares in Republic Services, Inc. $RSG Bought by Auxano Advisors LLC

Key Points

• Auxano Advisors purchased 7,331 shares of Republic Services in the second quarter, valued at approximately $1.56 million. Institutional investors collectively own 57.73% of the company.
• Analyst sentiment remains generally positive, with an average “Moderate Buy” rating and a consensus price target of $245.26, compared with shares opening at $215.28.
• Republic Services exceeded quarterly earnings and revenue expectations, reporting $1.85 in EPS and $4.43 billion in revenue. The company also raised its quarterly dividend to $0.67 per share, representing a 1.2% annual yield.

Auxano Advisors LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,331 shares of the business services provider's stock, valued at approximately $1,562,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Republic Services in the 2nd quarter valued at $3,798,092,000. State Street Corp boosted 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 worth $2,054,820,000 after purchasing an additional 166,474 shares during the period. Capital World Investors increased its holdings in shares of Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider's stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares during the last quarter. Morgan Stanley lifted its stake in shares of Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider's stock worth $1,133,509,000 after buying an additional 1,490,719 shares during the last quarter. Finally, Wellington Management Group LLP boosted 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 buying an additional 807,525 shares during the period. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RSG has been the subject of several research reports. Barclays raised their price objective 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. Canadian Imperial Bank of Commerce reissued an "outperform" rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Citigroup upped their price objective on Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a report on Friday, July 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Republic Services in a research report on Friday, July 24th. Finally, Argus cut shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Eleven 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, the company presently has an average rating of "Moderate Buy" and an average target price of $245.26.

Republic Services Price Performance

Shares of NYSE RSG opened at $215.28 on Tuesday. The business has a fifty day moving average price of $214.22 and a two-hundred day moving average price of $214.94. The stock has a market capitalization of $65.92 billion, a PE ratio of 30.49, a P/E/G ratio of 3.51 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $238.62.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.Republic Services's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities 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. Investors of record on Friday, October 2nd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services's payout ratio is 35.41%.

Insider Activity at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of the company's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director directly owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the purchase, the insider directly owned 111,065,646 shares of the company's stock, valued at $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. Over the last 90 days, insiders have acquired 864,624 shares of company stock valued at $186,474,430. Company insiders own 0.12% of the company's stock.

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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