Caisse de depot et placement du Quebec Acquires Shares of 42,478 Republic Services, Inc. $RSG

Key Points

• Caisse de dépôt et placement du Québec bought 42,478 Republic Services shares in the second quarter, valued at approximately $9.1 million. Institutional investors collectively own 57.73% of the company.
• Major shareholder Cascade Investment continued buying aggressively, purchasing 284,600 shares for about $62.5 million; insiders have bought more than $685 million worth of shares over the past three months.
• Republic Services reported quarterly revenue growth of 4.6% and an EPS beat, while raising its quarterly dividend to $0.67. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26, though the stock trades at a premium valuation of roughly 31 times earnings.

Caisse de depot et placement du Quebec purchased a new position in Republic Services, Inc. (NYSE:RSG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 42,478 shares of the business services provider's stock, valued at approximately $9,051,000.

A number of other institutional investors and hedge funds have also modified their holdings of RSG. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services in the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the second quarter worth $25,000. Wealth Watch Advisors INC acquired a new stake in Republic Services in the 3rd quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Republic Services in the second quarter valued at $27,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Republic Services during the 2nd quarter worth about $27,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 284,600 shares of the stock in a transaction on Thursday, August 27th. The shares were purchased at an average price of $219.52 per share, for a total transaction of $62,475,392.00. Following the completion of the purchase, the insider directly owned 113,935,127 shares of the company's stock, valued at $25,011,039,079.04. This trade represents a 0.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have purchased 3,131,145 shares of company stock valued at $685,244,030. 0.12% of the stock is owned by corporate 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 Trading Up 1.4%

Shares of NYSE RSG opened at $222.24 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $235.18. The stock's 50 day moving average price is $216.42 and its two-hundred day moving average price is $215.19. The stock has a market capitalization of $68.05 billion, a P/E ratio of 31.48, a PEG ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 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 analysts' expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. Republic Services's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a boost from Republic Services's previous quarterly dividend of $0.62. Republic Services's dividend payout ratio is 35.41%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RSG. Canadian Imperial Bank of Commerce reissued an "outperform" rating and issued a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Argus cut Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Royal Bank Of Canada raised their price objective on shares of Republic Services from $265.00 to $267.00 and gave the company an "outperform" rating in a research note on Friday, May 8th. Weiss Ratings raised Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Finally, Citigroup lifted their price objective on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $245.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source