Daiichi Life Insurance Co. Ltd. Acquires Shares of 60,386 Republic Services, Inc. $RSG

Daiichi Life Insurance Co. Ltd. acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,386 shares of the business services provider's stock, valued at approximately $12,867,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CBIZ Investment Advisory Services LLC grew its stake in Republic Services by 11.3% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider's stock valued at $94,000 after buying an additional 45 shares during the last quarter. Focus Financial Network Inc. lifted its position in Republic Services by 2.5% during the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider's stock worth $397,000 after acquiring an additional 46 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Republic Services by 0.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider's stock worth $2,216,000 after acquiring an additional 48 shares during the period. Williams Jones Wealth Management LLC. grew its position in shares of Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider's stock valued at $408,000 after purchasing an additional 49 shares during the last quarter. Finally, AlphaCentric Advisors LLC increased its stake in shares of Republic Services by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider's stock worth $198,000 after purchasing an additional 50 shares during the period. Institutional investors own 57.73% of the company's stock.

Insider Buying and Selling

In related news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director directly owned 58 shares of the company's stock, valued at $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the transaction, the insider owned 111,065,646 shares of the company's stock, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 1,599,643 shares of company stock worth $346,519,404 over the last three months. 0.12% of the stock is currently owned by insiders.

Republic Services Stock Up 0.4%

Shares of NYSE RSG opened at $220.45 on Friday. The stock has a market capitalization of $67.50 billion, a P/E ratio of 31.23, a PEG ratio of 3.61 and a beta of 0.40. The stock's fifty day moving average is $214.96 and its 200 day moving average is $215.05. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $237.06. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the company posted $1.77 earnings per share. The business'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. Sell-side analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.67 per share. 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 35.41%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RSG shares. Argus downgraded Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. Weiss Ratings upgraded Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Royal Bank Of Canada lifted their target price on Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. UBS Group boosted their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Finally, Citigroup raised their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.26.

Republic Services Profile

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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