Beacon Pointe Advisors LLC Takes Position in Republic Services, Inc. $RSG

Key Points

• Beacon Pointe Advisors acquired 6,200 Republic Services shares worth approximately $1.32 million in the second quarter. Hedge funds and institutional investors collectively own 57.73% of RSG.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $245.26, although some firms retain neutral or hold ratings.
• Republic Services reported quarterly revenue growth of 4.6% and EPS of $1.85, beating expectations, and raised its quarterly dividend from $0.62 to $0.67 per share.

Beacon Pointe Advisors LLC acquired 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 institutional investor acquired 6,200 shares of the business services provider's stock, valued at approximately $1,321,000.

Other hedge funds also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in Republic Services during the 3rd quarter worth approximately $26,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the second quarter worth $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services during the fourth quarter worth $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services in the second quarter valued at $27,000. Finally, Compass Financial Management LLC purchased a new position in Republic Services in the second quarter valued at $27,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Argus cut Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. Citigroup lifted their price objective on Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Barclays upped their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, UBS Group lifted their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and an average price target of $245.26.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 284,600 shares of Republic Services stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $219.52 per share, with a total value of $62,475,392.00. Following the acquisition, the insider owned 113,935,127 shares of the company's stock, valued at approximately $25,011,039,079.04. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 3,131,145 shares of company stock worth $685,244,030 in the last 90 days. 0.12% of the stock is currently owned by insiders.

Key Headlines Impacting Republic Services

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

Republic Services Stock Up 0.1%

RSG stock opened at $222.24 on Monday. The stock has a market cap of $68.05 billion, a P/E ratio of 31.48, a PEG ratio of 3.68 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.18. The company's 50 day moving average is $216.42 and its two-hundred day moving average is $215.13.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (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 analysts' expectations of $4.36 billion. During the same quarter in the prior year, the business posted $1.77 EPS. The company's revenue for the quarter 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 expect 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. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. 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. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services's dividend payout ratio is 37.96%.

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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