Quantbot Technologies LP Invests $4.75 Million in Republic Services, Inc. $RSG

Key Points

• Quantbot Technologies acquired 22,300 Republic Services shares worth approximately $4.75 million in the second quarter. Institutional investors collectively own 57.73% of the company, with BlackRock and Norges Bank also establishing significant positions.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $245.26. Republic Services recently exceeded quarterly earnings and revenue estimates, reporting $1.85 EPS and $4.43 billion in revenue.
• Republic Services raised its quarterly dividend from $0.62 to $0.67 per share, equivalent to $2.68 annually and a 1.2% yield. Major shareholder Cascade Investment also purchased nearly $39.8 million of stock, while company insiders own 0.12% of shares.

Quantbot Technologies LP acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,300 shares of the business services provider's stock, valued at approximately $4,752,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Republic Services during the 2nd quarter worth about $3,798,092,000. Norges Bank acquired a new position in shares of Republic Services in the 4th quarter valued at about $617,165,000. Capital World Investors boosted its position in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider's stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares in the last quarter. Morgan Stanley grew its stake in Republic Services by 38.6% during the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider's stock worth $1,133,509,000 after purchasing an additional 1,490,719 shares during the period. Finally, Deutsche Bank AG bought a new stake in Republic Services in the second quarter worth approximately $236,628,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley set a $232.00 price target on Republic Services in a report on Friday, August 7th. Barclays boosted their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. UBS Group upped their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada increased their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an "outperform" rating in a research report 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 company's stock. According to MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.26.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 178,844 shares of the stock in a transaction dated Wednesday, August 19th. The stock was bought at an average price of $222.51 per share, for a total transaction of $39,794,578.44. Following the completion of the acquisition, the insider directly owned 112,403,625 shares in the company, valued at approximately $25,010,930,598.75. This trade represents a 0.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of the business's 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 transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 1,599,643 shares of company stock valued at $346,519,404. Company insiders own 0.12% of the company's stock.

Republic Services Stock Performance

Shares of RSG opened at $220.45 on Friday. The firm has a market capitalization of $67.50 billion, a P/E ratio of 31.23, a P/E/G ratio of 3.61 and a beta of 0.40. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $237.06. The stock has a 50 day moving average price of $214.96 and a two-hundred day moving average price of $215.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the company earned $1.77 earnings per share. The company's revenue for the quarter was up 4.6% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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

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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