Republic Services, Inc. $RSG Stock Holdings Trimmed by California State Teachers Retirement System

California State Teachers Retirement System lowered its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,700 shares of the business services provider's stock after selling 17,868 shares during the period. California State Teachers Retirement System owned approximately 0.08% of Republic Services worth $49,796,796 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Korea Investment CORP acquired a new position in shares of Republic Services during the second quarter worth about $20,602,000. Bridgewater Advisors Inc. purchased a new position in Republic Services in the second quarter valued at approximately $535,000. Equitable Holdings Inc. bought a new stake in shares of Republic Services during the 2nd quarter valued at about $1,381,000. Public Employees Retirement System of Ohio purchased a new position in shares of Republic Services during the second quarter valued at approximately $16,335,000. Finally, iA Global Asset Management Inc. grew its holdings in shares of Republic Services by 18.5% during the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider's stock valued at $13,606,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on RSG shares. 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 note on Friday, July 10th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Wolfe Research reiterated a "peer perform" rating on shares of Republic Services in a research report on Tuesday. Weiss Ratings raised Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Finally, UBS Group increased their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and a consensus target price of $245.26.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average cost of $221.49 per share, for a total transaction of $90,700,155.00. Following the completion of the transaction, the insider owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. This trade represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders purchased 6,254,462 shares of company stock valued at $1,380,321,958. 0.12% of the stock is owned by insiders.

Key Republic Services News

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

• Positive Sentiment: Major shareholder Cascade Investment purchased 256,000 RSG shares at an average price of $222.30, worth approximately $56.9 million, and separately bought 324,810 shares at an average of $222.89, worth about $72.4 million. Combined with several other purchases since late August, the transactions indicate continued confidence in Republic Services from a large, long-term shareholder. Cascade Investment buys Republic Services shares
• Positive Sentiment: The company’s recent operating backdrop remains supportive: its latest quarterly results exceeded earnings and revenue expectations, revenue increased 4.6% year over year, and Republic raised its quarterly dividend to $0.67 per share from $0.62. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26, above the recent trading level. Insider confidence article
• Neutral Sentiment: Wolfe Research reaffirmed its “Peer Perform” rating, signaling that the firm sees RSG as fairly valued relative to industry peers rather than identifying a new catalyst. The stock has recently traded above both its 50-day and 200-day moving averages and near its 52-week high, but its elevated valuation may temper gains.
• Neutral Sentiment: Republic Services gained in the prior session but underperformed some competitors, suggesting the recent move was more company-specific and shareholder-driven than part of a broad waste-services rally. Republic Services underperforms competitors

Republic Services Trading Down 0.1%

RSG traded down $0.25 during trading hours on Tuesday, reaching $225.60. The company's stock had a trading volume of 526,900 shares, compared to its average volume of 1,541,604. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $233.42. 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 stock has a market cap of $69.08 billion, a PE ratio of 31.95, a P/E/G ratio of 3.69 and a beta of 0.40. The business's 50-day moving average is $218.48 and its 200-day moving average is $215.24.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion during 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%.The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.67 dividend. The ex-dividend date 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 yield of 1.2%. Republic Services's dividend payout ratio is presently 37.96%.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.

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