Element Capital Management LLC Buys Shares of 14,400 Republic Services, Inc. $RSG

Element Capital Management LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,400 shares of the business services provider's stock, valued at approximately $3,068,000.

Several other large investors have also made changes to their positions in the company. Legal & General Group Plc bought a new position in Republic Services in the second quarter valued at approximately $245,506,000. The Manufacturers Life Insurance Company bought a new stake in Republic Services during the second quarter worth $22,471,000. Jones Financial Companies Lllp acquired a new stake in shares of Republic Services in the 2nd quarter valued at $185,000. Peak Asset Management LLC bought a new position in shares of Republic Services in the 2nd quarter valued at $2,333,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Republic Services during the 2nd quarter worth $78,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on RSG shares. Weiss Ratings raised Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Argus downgraded shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. UBS Group lifted their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Finally, Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $245.26.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 191,361 shares of the firm's stock in a transaction on Friday, August 21st. The stock was purchased at an average cost of $220.34 per share, for a total transaction of $42,164,482.74. Following the transaction, the insider owned 112,803,911 shares in the company, valued at $24,855,213,749.74. The trade was a 0.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 1,999,929 shares of company stock worth $434,701,707. Insiders own 0.12% of the company's stock.

Republic Services Trading Down 0.8%

Shares of RSG stock opened at $221.22 on Wednesday. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.18. The stock's fifty day simple moving average is $215.50 and its 200 day simple moving average is $215.13. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $67.74 billion, a P/E ratio of 31.33, a P/E/G ratio of 3.70 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, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 7.27 EPS 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. 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 yield of 1.2%. This is a boost from Republic Services's previous quarterly dividend of $0.62. Republic Services's dividend payout ratio is 35.41%.

Republic Services Company 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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