Equitable Holdings Inc. Makes New $1.38 Million Investment in Republic Services, Inc. $RSG

Equitable Holdings Inc. bought a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,479 shares of the business services provider's stock, valued at approximately $1,381,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RSG. Coastal Bridge Advisors LLC bought a new stake in Republic Services during the 2nd quarter worth about $1,335,000. Jefferies Financial Group Inc. bought a new position in shares of Republic Services in the second quarter worth about $682,000. Public Employees Retirement System of Ohio acquired a new position in shares of Republic Services during the second quarter worth approximately $16,335,000. Triton Financial Group Inc bought a new stake in shares of Republic Services during the second quarter valued at approximately $1,748,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Republic Services in the second quarter valued at approximately $404,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. bought 301,639 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $222.91 per share, for a total transaction of $67,238,349.49. Following the transaction, the insider owned 113,105,550 shares of the company's stock, valued at $25,212,358,150.50. 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 is available at this hyperlink. In the last three months, insiders bought 3,131,145 shares of company stock worth $685,244,030. 0.12% of the stock is currently owned by insiders.

Republic Services Price Performance

RSG opened at $222.24 on Friday. The company has a fifty day moving average price of $216.42 and a two-hundred day moving average price of $215.19. The firm has a market capitalization of $68.05 billion, a PE ratio of 31.48, a P/E/G ratio of 3.63 and a beta of 0.40. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18. 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 posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company 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 business posted $1.77 EPS. The firm's quarterly 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. As a group, analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business 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 dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is an increase from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services's dividend payout ratio (DPR) is 35.41%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RSG shares. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and set a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Argus cut Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. Barclays upped their price target 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. UBS Group raised their price target on Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Finally, Citigroup boosted their price objective on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.26.

Trending Headlines about Republic Services

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

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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