Republic Services, Inc. $RSG Shares Sold by HB Wealth Management LLC

Key Points

• HB Wealth Management reduced its Republic Services stake by 23.5% in the second quarter, selling 7,054 shares and retaining 22,994 shares valued at approximately $4.9 million.
• Republic Services reported stronger-than-expected quarterly results, with EPS of $1.85 and revenue of $4.43 billion, while revenue increased 4.6% year over year. The company also raised its quarterly dividend from $0.62 to $0.67 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26, compared with the stock’s reported opening price of $222.58; institutional investors own 57.73% of the shares.

HB Wealth Management LLC trimmed its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 23.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,994 shares of the business services provider's stock after selling 7,054 shares during the quarter. HB Wealth Management LLC's holdings in Republic Services were worth $4,900,000 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. BlackRock Inc. acquired a new position in Republic Services in the second quarter worth $3,798,092,000. State Street Corp lifted its position in shares of Republic Services by 1.7% in the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider's stock worth $2,054,820,000 after buying an additional 166,474 shares during the last quarter. Capital World Investors lifted its position in shares of Republic Services by 27.7% in the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider's stock worth $1,857,698,000 after buying an additional 1,899,183 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider's stock valued at $1,133,509,000 after buying an additional 1,490,719 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Republic Services by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider's stock valued at $1,074,513,000 after buying an additional 807,525 shares during the last quarter. 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. bought 329,200 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $223.27 per share, for a total transaction of $73,500,484.00. Following the transaction, the insider directly owned 115,021,527 shares of the company's stock, valued at approximately $25,680,856,333.29. This represents a 0.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have bought 4,217,545 shares of company stock valued at $926,720,260. Corporate insiders own 0.12% of the company's stock.

Republic Services Stock Performance

Shares of RSG stock opened at $222.58 on Tuesday. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $233.77. The firm has a market capitalization of $68.16 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. The business has a 50 day simple moving average of $217.74 and a 200 day simple moving average of $215.14. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The firm'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. On average, equities research analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The business also recently disclosed 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 an increase from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services's dividend payout ratio (DPR) is presently 35.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley set a $232.00 target price on shares of Republic Services in a report on Friday, August 7th. Citigroup increased their price target on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Barclays raised their price target on Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. UBS Group upped their price objective on Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Finally, Argus lowered Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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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