GSA Capital Partners LLP Takes $1.29 Million Position in Republic Services, Inc. $RSG

Key Points

• GSA Capital Partners acquired 6,063 Republic Services shares in the second quarter, worth approximately $1.29 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, while revenue increased 4.6% year over year. The company guided to fiscal 2026 EPS of $7.23–$7.28.
• The company raised its quarterly dividend from $0.62 to $0.67 per share, representing a $2.68 annualized payout and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.

GSA Capital Partners LLP bought a new position in Republic Services, Inc. (NYSE:RSG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,063 shares of the business services provider's stock, valued at approximately $1,292,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avalon Trust Co purchased a new stake in Republic Services during the 2nd quarter valued at $98,000. TFR Capital LLC. bought a new position in shares of Republic Services during the second quarter valued at about $237,000. Bridgewater Advisors Inc. bought a new position in shares of Republic Services during the second quarter valued at about $535,000. Tema ETFs LLC boosted its holdings in shares of Republic Services by 18.7% during the second quarter. Tema ETFs LLC now owns 3,559 shares of the business services provider's stock worth $758,000 after purchasing an additional 561 shares during the period. Finally, Salvus Wealth Management LLC bought a new stake in shares of Republic Services in the second quarter worth about $789,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Republic Services stock opened at $215.28 on Tuesday. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $238.62. The stock's 50 day simple moving average is $214.22 and its two-hundred day simple moving average is $214.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $65.92 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS 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 during the quarter, compared to analysts' expectations of $4.36 billion. During the same quarter last year, the business posted $1.77 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. This is an increase from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services's payout ratio is 35.41%.

Insiders Place Their Bets

In related news, Director Sandra M. Volpe sold 1,800 shares of Republic Services 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 completion of the transaction, the director directly owned 58 shares of the company's stock, valued at $12,254.24. This trade represents a 96.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 188,460 shares of the company's stock in a transaction that occurred on 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 purchase, the insider directly owned 111,668,606 shares of the company's stock, valued at $24,099,201,860.86. This represents a 0.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 864,624 shares of company stock worth $186,474,430. Company insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on RSG. Argus lowered Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Barclays boosted their target price 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. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and issued a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Finally, Citigroup lifted 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. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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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