Algebris UK Ltd. Acquires Shares of 5,166 Republic Services, Inc. $RSG

Key Points

• Algebris UK Ltd. acquired 5,166 Republic Services shares valued at approximately $1.1 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 rising 4.6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $7.23–$7.28.
• The company raised its quarterly dividend from $0.62 to $0.67 per share, implying an annualized dividend of $2.68 and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.

Algebris UK Ltd. acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,166 shares of the business services provider's stock, valued at approximately $1,097,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Republic Services during the 2nd quarter worth approximately $3,798,092,000. State Street Corp raised its position in Republic Services by 1.7% in 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 acquiring an additional 166,474 shares in the last quarter. Capital World Investors lifted its holdings in 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 acquiring an additional 1,899,183 shares during the period. Morgan Stanley boosted its position 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 purchasing an additional 1,490,719 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake 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. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Activity

In related news, Director Sandra M. Volpe sold 1,800 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director owned 58 shares of the company's stock, valued at approximately $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $214.89 per share, for a total transaction of $56,228,976.96. Following the transaction, the insider owned 111,065,646 shares of the company's stock, valued at $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 purchased a total of 1,599,643 shares of company stock valued at $346,519,404 in the last three months. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Stock Down 0.7%

RSG stock opened at $219.58 on Friday. 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's 50 day simple moving average is $214.75 and its 200-day simple moving average is $215.01. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $237.06. The firm has a market capitalization of $67.24 billion, a PE ratio of 31.10, a P/E/G ratio of 3.62 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.04. The firm 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 company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business 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 dividend of $0.67 per share. 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services's dividend payout ratio is 35.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RSG shares. Barclays increased 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. Argus lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Citigroup lifted their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Royal Bank Of Canada boosted their price target on Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and issued a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. 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.com, Republic Services has a consensus rating of "Moderate Buy" and an average price target 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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