B. Metzler seel. Sohn & Co. AG bought a new position in Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,607 shares of the business services provider's stock, valued at approximately $2,686,000.
Other institutional investors have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. bought a new position in shares of Republic Services during the second quarter valued at about $535,000. iA Global Asset Management Inc. lifted its stake in shares of Republic Services by 18.5% in the 4th quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider's stock valued at $13,606,000 after acquiring an additional 10,000 shares during the last quarter. Norges Bank purchased a new stake in Republic Services during the 4th quarter valued at about $617,165,000. Varma Mutual Pension Insurance Co grew its position in Republic Services by 25.6% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider's stock worth $14,237,000 after acquiring an additional 13,700 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Republic Services by 14.0% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 207,272 shares of the business services provider's stock worth $43,927,000 after purchasing an additional 25,505 shares during the period. Institutional investors own 57.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on RSG shares. Argus lowered Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Citigroup increased 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. UBS Group boosted their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada increased their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $245.26.
Get Our Latest Stock Report on Republic Services
Republic Services Stock Up 0.4%
Shares of NYSE RSG opened at $220.45 on Friday. The firm has a fifty day simple moving average of $214.96 and a two-hundred day simple moving average of $215.05. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $237.06. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $67.50 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.61 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 for the quarter, beating analysts' consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. 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 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 given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.62. Republic Services's payout ratio is presently 35.41%.
Insider Buying and Selling
In related 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 transaction of $380,304.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of Republic Services stock in a transaction that occurred on Monday, August 10th. The stock was purchased 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 owned 111,065,646 shares of the company's stock, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 1,599,643 shares of company stock worth $346,519,404 in the last quarter. Company insiders own 0.12% of the company's stock.
About Republic Services
(
Free Report)
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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