Punch & Associates Investment Management Inc. Purchases Shares of 38,646 Republic Services, Inc. $RSG

Key Points

• Punch & Associates purchased 38,646 Republic Services shares worth approximately $8.24 million in the second quarter. Institutional investors collectively own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS on $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 a $2.68 annual payout and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.

Punch & Associates Investment Management Inc. acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,646 shares of the business services provider's stock, valued at approximately $8,235,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in shares of Republic Services during the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc bought a new stake in shares of Republic Services in the second quarter worth $25,000. Wealth Watch Advisors INC acquired a new position in Republic Services during the third quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Republic Services in the second quarter valued at $27,000. Finally, Compass Financial Management LLC acquired a new stake in Republic Services in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 57.73% of the company's stock.

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Republic Services Stock Up 0.5%

Republic Services stock opened at $221.96 on Thursday. 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 company's 50-day moving average is $215.79 and its 200-day moving average is $215.15. The firm has a market capitalization of $67.97 billion, a PE ratio of 31.44, a P/E/G ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.18.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly 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 business had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.Republic Services's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share 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 paid a dividend of $0.67 per share. The ex-dividend date 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 dividend payout ratio is presently 35.41%.

Analyst Ratings Changes

A number of research firms have recently commented on RSG. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Citigroup upped their target price on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Morgan Stanley set a $232.00 price target on Republic Services in a research report on Friday, August 7th. Argus downgraded Republic Services from a "buy" rating to a "hold" rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada upped their price objective on Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued 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.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $222.91 per share, for a total transaction of $67,238,349.49. Following the purchase, the insider owned 113,105,550 shares in the company, valued at approximately $25,212,358,150.50. The trade was a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders purchased 2,571,045 shares of company stock worth $561,731,613. 0.12% of the stock is currently owned by insiders.

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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