Hsbc Holdings PLC Purchases 36,403 Shares of Republic Services, Inc. $RSG

Key Points

• Hsbc Holdings PLC increased its Republic Services stake by 9.1% in the second quarter, purchasing 36,403 shares and bringing its holdings to 436,976 shares valued at approximately $93.2 million. Institutional investors and hedge funds collectively own 57.73% of RSG.
• 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 maintained fiscal 2026 EPS guidance of $7.23–$7.28.
• The company raised its quarterly dividend from $0.62 to $0.67 per share, equivalent to an annualized $2.68 dividend and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.

Hsbc Holdings PLC increased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 9.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 436,976 shares of the business services provider's stock after purchasing an additional 36,403 shares during the quarter. Hsbc Holdings PLC owned approximately 0.14% of Republic Services worth $93,210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. BlackRock Inc. acquired a new stake in shares of Republic Services during the second quarter worth approximately $3,798,092,000. State Street Corp boosted its holdings in shares of Republic Services by 1.7% in the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider's stock worth $2,054,820,000 after acquiring an additional 166,474 shares in the last quarter. Capital World Investors grew its position in Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider's stock worth $1,857,698,000 after acquiring an additional 1,899,183 shares during the last quarter. Morgan Stanley raised its position 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 valued at $1,133,509,000 after purchasing an additional 1,490,719 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Republic Services by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider's stock worth $1,074,513,000 after purchasing an additional 807,525 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 329,200 shares of the business's stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average price of $223.27 per share, with a total value of $73,500,484.00. Following the purchase, the insider directly owned 115,021,527 shares in the company, valued at $25,680,856,333.29. This trade represents a 0.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have acquired 4,217,545 shares of company stock worth $926,720,260. Insiders own 0.12% of the company's stock.

Republic Services Price Performance

Shares of RSG stock opened at $222.58 on Monday. The firm has a market cap of $68.16 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 3.69 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.77. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average price of $217.58 and a 200 day moving average price of $215.13.

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. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a 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 presently 35.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RSG. UBS Group raised their target price on Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Citigroup increased their price objective on shares of Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Argus cut shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Barclays upped their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Finally, Morgan Stanley set a $232.00 price target on shares of Republic Services in a report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.26.

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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