OMERS ADMINISTRATION Corp Makes New Investment in Republic Services, Inc. $RSG

Key Points

• OMERS Administration purchased 11,381 shares of Republic Services worth approximately $2.43 million, while 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, up 4.6% year over year. Analysts maintain a “Moderate Buy” consensus with a $245.26 target price.
• 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.

OMERS ADMINISTRATION Corp purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 11,381 shares of the business services provider's stock, valued at approximately $2,425,000.

A number of other institutional investors also recently added to or reduced their stakes in RSG. Wealth Watch Advisors INC purchased a new position in shares of Republic Services in the 3rd quarter worth approximately $26,000. Bell Investment Advisors Inc purchased a new position in Republic Services in the second quarter worth $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services in the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC acquired a new position in Republic Services during the 2nd quarter valued at about $27,000. Institutional investors own 57.73% of the company's stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of Republic Services stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the acquisition, the insider owned 111,065,646 shares of the company's stock, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 1,999,929 shares of company stock valued at $434,701,707. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. Citigroup boosted their target price 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. Argus lowered shares of Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. Barclays lifted their price objective on shares of Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Republic Services currently has an average rating of "Moderate Buy" and a consensus target price of $245.26.

Republic Services Price Performance

Shares of NYSE RSG opened at $221.22 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $67.74 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 3.70 and a beta of 0.40. The firm's 50 day simple moving average is $215.50 and its 200-day simple moving average is $215.13. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $235.18.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.36 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The firm's quarterly revenue 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. 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. Stockholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. This is a boost from Republic Services's previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services's payout ratio is 35.41%.

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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