Republic Services, Inc. $RSG Shares Acquired by Groupe la Francaise

Key Points

• Groupe la Francaise increased its Republic Services stake by 17.8% in the second quarter, bringing its holdings to 71,736 shares valued at approximately $15.3 million. Institutional investors collectively own 57.73% of the company.
• Republic Services beat quarterly expectations with $1.85 EPS and $4.43 billion in revenue, while revenue rose 4.6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $7.23–$7.28.
• The company raised its quarterly dividend to $0.67 per share, equal to a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.

Groupe la Francaise boosted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 17.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,736 shares of the business services provider's stock after purchasing an additional 10,853 shares during the quarter. Groupe la Francaise's holdings in Republic Services were worth $15,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock worth $3,988,000 after acquiring an additional 8,547 shares during the period. Federated Hermes Inc. grew its holdings in Republic Services by 23.2% in the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider's stock valued at $4,329,000 after purchasing an additional 3,303 shares during the period. NewEdge Advisors LLC increased its position in Republic Services by 3.6% during the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider's stock worth $7,322,000 after purchasing an additional 1,044 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Republic Services by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider's stock valued at $23,336,000 after purchasing an additional 688 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of Republic Services by 68.4% during the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider's stock worth $2,871,000 after buying an additional 4,729 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Republic Services stock opened at $222.58 on Monday. The firm has a market capitalization of $68.16 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. Republic Services, Inc. has a one year low of $196.41 and a one year high of $233.77. The stock's 50 day moving average price is $217.58 and its 200 day moving average price is $215.13. 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 quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating 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 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 firm posted $1.77 earnings per share. The business's quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, sell-side analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. acquired 329,200 shares of the firm's stock in a transaction on Wednesday, September 2nd. The stock was bought at an average cost of $223.27 per share, with a total value of $73,500,484.00. Following the transaction, the insider directly owned 115,021,527 shares in the company, valued at approximately $25,680,856,333.29. This represents a 0.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 4,217,545 shares of company stock valued at $926,720,260. Insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RSG. Weiss Ratings raised Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Citigroup increased 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 cut shares of Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Barclays boosted 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, Morgan Stanley set a $232.00 target price on shares of Republic Services in a research note on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.26.

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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