Nykredit A S Acquires New Shares in Republic Services, Inc. $RSG

Key Points

• Nykredit A/S acquired 115,141 shares of Republic Services in the second quarter, valued at approximately $24.5 million. Institutional investors collectively own 57.73% of the company, while several major funds—including BlackRock and Bank of America—also established or increased positions.
• Republic Services reported quarterly revenue of $4.43 billion and adjusted earnings of $1.85 per share, exceeding analyst estimates, while revenue rose 4.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $245.26.
• The company increased its quarterly dividend from $0.62 to $0.67 per share, equating to an annualized dividend of $2.68 and a yield of roughly 1.2%.

Nykredit A S acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 115,141 shares of the business services provider's stock, valued at approximately $24,534,000.

A number of other hedge funds also recently added to or reduced their stakes in RSG. BlackRock Inc. acquired a new position in Republic Services during the 2nd quarter valued at about $3,798,092,000. Capital World Investors raised its holdings in shares of Republic Services by 27.7% during the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider's stock valued at $1,857,698,000 after buying an additional 1,899,183 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Republic Services during the second quarter worth approximately $682,573,000. Norges Bank bought a new position in Republic Services in the 4th quarter worth approximately $617,165,000. Finally, Allspring Global Investments Holdings LLC increased its position in Republic Services by 68.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider's stock valued at $497,828,000 after acquiring an additional 913,249 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 409,500 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of $221.49 per share, with a total value of $90,700,155.00. Following the completion of the acquisition, the insider owned 116,166,330 shares of the company's stock, valued at approximately $25,729,680,431.70. This represents a 0.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 6,254,462 shares of company stock valued at $1,380,321,958 in the last quarter. Insiders own 0.12% of the company's stock.

Analyst Ratings Changes

RSG has been the subject of a number of analyst reports. UBS Group boosted their price target on Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Wolfe Research began coverage on shares of Republic Services in a research note on Tuesday, September 15th. They set a "peer perform" rating 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, August 21st. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research report on Friday, August 7th. Finally, Citigroup boosted their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and an average target price of $245.26.

Republic Services Trading Down 0.4%

Shares of Republic Services stock opened at $217.99 on Friday. The business has a fifty day simple moving average of $218.46 and a 200-day simple moving average of $215.17. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $233.42. The firm has a market cap of $66.75 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 3.61 and a beta of 0.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.36 billion. During the same period in the previous year, the business earned $1.77 earnings per share. Republic Services'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. On average, 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 announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, October 2nd. This is a positive change 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%. Republic Services's payout ratio is 35.41%.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.

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