Corient Private Wealth LP Grows Stake in Republic Services, Inc. $RSG

Key Points

• Corient Private Wealth increased its Republic Services stake by 39% in the second quarter, purchasing 42,943 additional shares. Institutional investors collectively own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in adjusted EPS and $4.43 billion in revenue, while revenue grew 4.6% year over year. The company maintained fiscal 2026 EPS guidance of $7.23–$7.28.
• The company raised its quarterly dividend from $0.62 to $0.67 per share, implying an annualized dividend of $2.68 and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.

Corient Private Wealth LP raised its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 39.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,096 shares of the business services provider's stock after purchasing an additional 42,943 shares during the period. Corient Private Wealth LP's holdings in Republic Services were worth $32,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of RSG. Bell Investment Advisors Inc purchased a new stake in Republic Services during the 2nd quarter valued at $25,000. Wealth Watch Advisors INC bought a new position in Republic Services during the third quarter valued at $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Republic Services during the second quarter valued at $27,000. Compass Financial Management LLC purchased a new stake in shares of Republic Services in the second quarter valued at $27,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Republic Services in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Republic Services stock opened at $222.96 on Monday. 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 $68.27 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. The firm has a 50-day moving average of $218.26 and a two-hundred day moving average of $215.21. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $233.42.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company 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 represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is a positive change from Republic Services's previous quarterly dividend of $0.62. Republic Services's dividend payout ratio (DPR) is currently 35.41%.

Analysts Set New Price Targets

RSG has been the topic of several analyst reports. Weiss Ratings upgraded shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. UBS Group boosted their target price on Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Barclays upped their target price on Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Finally, Citigroup raised their price target on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and an average target price of $245.26.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 311,304 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average price of $221.31 per share, with a total value of $68,894,688.24. Following the transaction, the insider owned 116,477,634 shares of the company's stock, valued at $25,777,665,180.54. This represents a 0.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders acquired 5,673,652 shares of company stock valued at $1,251,016,257. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Profile

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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