Empowered Funds LLC Buys 9,514 Shares of Republic Services, Inc. $RSG

Key Points

• Empowered Funds increased its Republic Services stake by 44.2% in the first quarter, buying 9,514 shares and bringing its holdings to 31,048 shares valued at $6.8 million. Institutional investors collectively own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS and $4.43 billion in revenue, with revenue up 4.6% year over year. The company issued fiscal 2026 EPS guidance of $7.23–$7.28.
• The company raised its quarterly dividend from $0.62 to $0.67 per share, equivalent to a 1.2% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $245.26, above the reported share price of $214.75.

Empowered Funds LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 44.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,048 shares of the business services provider's stock after purchasing an additional 9,514 shares during the period. Empowered Funds LLC's holdings in Republic Services were worth $6,800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in Republic Services during the fourth quarter worth $25,000. Wealth Watch Advisors INC bought a new position in Republic Services during the third quarter worth about $26,000. Prosperity Bancshares Inc bought a new position in Republic Services during the fourth quarter worth about $30,000. Hilton Head Capital Partners LLC acquired a new position in Republic Services during the fourth quarter worth approximately $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider's stock valued at $35,000 after buying an additional 52 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

RSG opened at $214.75 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.67. The business has a fifty day simple moving average of $214.01 and a 200 day simple moving average of $214.98. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $238.62. The company has a market capitalization of $65.76 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for 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 company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current 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 is a positive change from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services's dividend payout ratio is presently 35.41%.

Insider Transactions at Republic Services

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the sale, the director owned 58 shares of the company's stock, valued at $12,254.24. The trade was a 96.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 188,460 shares of the stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $215.81 per share, for a total transaction of $40,671,552.60. Following the completion of the acquisition, the insider directly owned 111,668,606 shares of the company's stock, valued at approximately $24,099,201,860.86. This trade represents a 0.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 925,324 shares of company stock valued at $199,422,347 in the last three months. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RSG shares. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Royal Bank Of Canada upped their price objective 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. Citigroup raised their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. UBS Group lifted their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Morgan Stanley set a $232.00 price target on shares of Republic Services in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and an average price target of $245.26.

About Republic Services

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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