Kirtland Hills Capital Management LLC Takes Position in Republic Services, Inc. $RSG

Key Points

• Kirtland Hills Capital Management initiated a roughly $2.15 million position in Republic Services during the second quarter, while institutional investors and hedge funds collectively own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in adjusted EPS and $4.43 billion in revenue, with revenue up 4.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $245.26.
• The company raised its quarterly dividend from $0.62 to $0.67 per share, implying an annualized dividend of $2.68 and a 1.2% yield.

Kirtland Hills Capital Management LLC bought a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,068 shares of the business services provider's stock, valued at approximately $2,145,000.

Several other large investors have also recently bought and sold shares of the stock. Compass Financial Management LLC bought a new stake in Republic Services during the second quarter worth $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Republic Services in the second quarter valued at approximately $923,000. Greenland Capital Management LP bought a new position in Republic Services during the 2nd quarter worth $5,255,000. Daiichi Life Insurance Co. Ltd. acquired a new stake in Republic Services in the 2nd quarter worth about $12,867,000. Finally, Commerce Bank bought a new stake in shares of Republic Services in the second quarter valued at approximately $16,404,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Barclays upped their target price 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. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and issued a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Argus downgraded Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Finally, Citigroup lifted their target price on Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research 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, Republic Services currently has a consensus rating of "Moderate Buy" and an average target price of $245.26.

Republic Services Trading Up 0.4%

NYSE RSG opened at $220.45 on Friday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month 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. The firm has a market capitalization of $67.50 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.61 and a beta of 0.40. The business's 50-day moving average price is $214.96 and its two-hundred day moving average price is $215.05.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This is a boost from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis 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 other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director directly owned 58 shares in the company, valued at approximately $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 accessible through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 178,844 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $222.51 per share, for a total transaction of $39,794,578.44. Following the completion of the purchase, the insider directly owned 112,403,625 shares in the company, valued at $25,010,930,598.75. This trade represents a 0.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 1,599,643 shares of company stock worth $346,519,404 in the last ninety days. Insiders own 0.12% of the company's stock.

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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