Northwestern Mutual Wealth Management Co. Buys New Position in Republic Services, Inc. $RSG

Key Points

• Northwestern Mutual Wealth Management purchased 33,744 shares of Republic Services in the second quarter, valued at approximately $7.19 million. Institutional investors and hedge funds collectively own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS versus the $1.81 consensus and $4.43 billion in revenue. Revenue increased 4.6% year over year, and fiscal 2026 EPS guidance is $7.23–$7.28.
• The company raised its quarterly dividend from $0.62 to $0.67 per share, equivalent to a $2.68 annualized payout and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.

Northwestern Mutual Wealth Management Co. bought a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 33,744 shares of the business services provider's stock, valued at approximately $7,190,000.

Several other hedge funds have also made changes to their positions in RSG. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services in the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc purchased a new stake in Republic Services during the 2nd quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new stake in Republic Services during the 3rd quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Republic Services in the 2nd quarter valued at approximately $27,000. Finally, Prosperity Bancshares Inc purchased a new position in Republic Services in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Price Performance

Shares of RSG opened at $220.45 on Monday. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.66 and a beta of 0.40. The firm's fifty day simple moving average is $214.96 and its 200-day simple moving average is $215.04. Republic Services, Inc. has a twelve month low of $196.41 and a twelve 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.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results 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 firm had revenue of $4.43 billion during 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 quarter in the previous year, the firm posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Argus lowered Republic Services from a "buy" rating to a "hold" rating in a report on Monday, May 11th. Royal Bank Of Canada upped their price target on Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. UBS Group increased their price target on Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Finally, Citigroup lifted their price objective on Republic Services from $247.00 to $259.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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 completion of the transaction, the director directly owned 58 shares of the company's stock, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the company's stock in a transaction on Monday, August 10th. The stock was bought at an average price of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the purchase, the insider directly owned 111,065,646 shares of the company's stock, valued at $23,866,896,668.94. The trade was a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 1,599,643 shares of company stock worth $346,519,404. Company insiders own 0.12% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source