Flavin Financial Services Inc. Purchases New Position in Republic Services, Inc. $RSG

Key Points

• Flavin Financial Services purchased 8,752 shares of Republic Services worth approximately $1.865 million, making the stock 1.1% of its portfolio. Institutional investors own 57.73% of the company, with several major funds also adding or initiating positions.
• Republic Services exceeded quarterly expectations, reporting $1.85 EPS and $4.43 billion in revenue, up 4.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.
• The company increased its quarterly dividend from $0.62 to $0.67 per share, or $2.68 annually, representing a 1.2% yield and a 35.41% payout ratio.

Flavin Financial Services Inc. purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,752 shares of the business services provider's stock, valued at approximately $1,865,000. Republic Services accounts for approximately 1.1% of Flavin Financial Services Inc.'s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in Republic Services during the 2nd quarter worth $3,798,092,000. Norges Bank acquired a new stake in shares of Republic Services in the 4th quarter valued at approximately $617,165,000. Capital World Investors grew its stake in shares of Republic Services by 27.7% during the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider's stock worth $1,857,698,000 after buying an additional 1,899,183 shares during the last quarter. Morgan Stanley increased its holdings in Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider's stock worth $1,133,509,000 after purchasing an additional 1,490,719 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in Republic Services in the 2nd quarter valued at approximately $236,628,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Royal Bank Of Canada upped their target price on Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and set a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Argus downgraded shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and an average target price of $245.26.

Insider Transactions at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of the company'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 owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services 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 purchase, the insider owned 111,065,646 shares in the company, valued at $23,866,896,668.94. This represents a 0.24% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 1,599,643 shares of company stock valued at $346,519,404. 0.12% of the stock is owned by insiders.

Republic Services Trading Down 0.1%

Shares of RSG stock opened at $220.45 on Monday. The firm has a market cap of $67.50 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $237.06. The business has a 50-day moving average price of $214.96 and a two-hundred day moving average price of $215.04. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12.

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, beating 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 company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.36 billion. During the same quarter in the prior year, the company earned $1.77 EPS. The firm'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. Equities analysts anticipate 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. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is a boost from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services's payout ratio is presently 35.41%.

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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