Callan Family Office LLC acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 9,608 shares of the business services provider's stock, valued at approximately $2,047,000.
A number of other hedge funds also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new stake in Republic Services during the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services in the second quarter worth $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services during the 3rd quarter valued at $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Republic Services in the 2nd quarter worth $27,000. Finally, Prosperity Bancshares Inc purchased a new stake in Republic Services in the 4th quarter worth $30,000. 57.73% of the stock is currently owned by institutional investors.
Republic Services Stock Performance
NYSE:RSG opened at $220.45 on Friday. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.61 and a beta of 0.40. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $237.06. The stock's 50 day simple moving average is $214.96 and its two-hundred day simple moving average is $215.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.
Republic Services (NYSE:RSG - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the firm posted $1.77 earnings per share. Republic Services'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. As a group, equities 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 paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. 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. Republic Services's dividend payout ratio is 35.41%.
Wall Street Analyst Weigh In
A number of research firms have commented on RSG. Canadian Imperial Bank of Commerce reissued an "outperform" rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Weiss Ratings raised shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Argus lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $245.26.
Read Our Latest Analysis on Republic Services
Insider Transactions at Republic Services
In related news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 178,844 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were bought at an average price of $222.51 per share, for a total transaction of $39,794,578.44. Following the completion of the transaction, the insider owned 112,403,625 shares of the company's stock, valued at approximately $25,010,930,598.75. This trade represents a 0.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 1,599,643 shares of company stock worth $346,519,404. Insiders own 0.12% of the company's stock.
Republic Services Profile
(
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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