Greenland Capital Management LP Acquires New Position in Republic Services, Inc. $RSG

Greenland Capital Management LP acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,660 shares of the business services provider's stock, valued at approximately $5,255,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Republic Services during the 2nd quarter valued at approximately $12,867,000. Commerce Bank acquired a new stake in shares of Republic Services in the 2nd quarter worth approximately $16,404,000. Northwestern Mutual Wealth Management Co. purchased a new position in Republic Services in the 2nd quarter valued at approximately $7,190,000. CFO4Life Group LLC acquired a new position in Republic Services during the second quarter worth $222,000. Finally, Quantbot Technologies LP purchased a new stake in Republic Services during the second quarter worth $4,752,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price target on Republic Services from $265.00 to $267.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. UBS Group increased their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Argus cut shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Finally, Citigroup upped their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a report on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $245.26.

Republic Services Trading Up 0.4%

Republic Services stock opened at $220.45 on Friday. The stock has a market cap of $67.50 billion, a PE ratio of 31.23, a P/E/G ratio of 3.61 and a beta of 0.40. The stock has a 50-day moving average price of $214.96 and a 200 day moving average price of $215.05. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week 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.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the firm earned $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. Equities research analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced 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 represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.62. Republic Services's dividend payout ratio is presently 35.41%.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the firm's stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the purchase, the insider owned 111,065,646 shares in the company, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sandra M. Volpe sold 1,800 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director directly owned 58 shares of the company's stock, valued at approximately $12,254.24. This represents a 96.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired a total of 1,599,643 shares of company stock valued at $346,519,404 over the last quarter. 0.12% of the stock is currently owned by insiders.

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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