EP Wealth Advisors LLC Buys New Shares in Republic Services, Inc. $RSG

Key Points

• EP Wealth Advisors purchased 81,132 Republic Services shares during the second quarter, valued at approximately $17.3 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 also raised its quarterly dividend from $0.62 to $0.67, implying a 1.2% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $245.26, compared with the stock’s reported price of $220.45.

EP Wealth Advisors LLC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 81,132 shares of the business services provider's stock, valued at approximately $17,288,000.

Several other hedge funds have also recently made changes to their positions in RSG. Wealth Watch Advisors INC acquired a new stake in Republic Services during the third quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new stake in Republic Services in the second quarter worth approximately $25,000. Laurel Wealth Advisors LLC acquired a new position in Republic Services in the fourth quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Republic Services during the 2nd quarter worth approximately $27,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Republic Services during the 4th quarter worth approximately $30,000. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

NYSE RSG opened at $220.45 on Friday. The company has a fifty day simple moving average of $214.96 and a 200 day simple moving average of $215.05. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $237.06. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a market cap of $67.50 billion, a P/E ratio of 31.23, a PEG ratio of 3.59 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last released 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. 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 quarter in the prior year, the company posted $1.77 earnings per share. The business's revenue 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 predict that Republic Services, Inc. will post 7.27 earnings per share 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 issued a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Republic Services's previous quarterly dividend of $0.62. Republic Services's dividend payout ratio (DPR) is currently 35.41%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RSG. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research report on Friday, August 7th. Barclays lifted their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. UBS Group upped their price objective 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. Canadian Imperial Bank of Commerce restated an "outperform" rating and issued a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Finally, Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Republic Services currently has an average 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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