Republic Services, Inc. $RSG Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management sharply reduced its Republic Services stake by 98.1% in the second quarter, selling 4.30 million shares and retaining 83,897 shares valued at $17.9 million.
• Analyst sentiment remains favorable, with 12 Buy ratings and 10 Holds producing a “Moderate Buy” consensus and an average price target of $245.26.
• Republic Services exceeded quarterly earnings and revenue estimates, raised its quarterly dividend to $0.67 from $0.62, and reaffirmed fiscal 2026 EPS guidance of $7.23–$7.28.

Wellington Management Group LLP cut its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 98.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,897 shares of the business services provider's stock after selling 4,295,909 shares during the period. Wellington Management Group LLP's holdings in Republic Services were worth $17,877,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RSG. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Republic Services during the second quarter valued at $19,904,000. Fox Hill Wealth Management acquired a new stake in Republic Services in the second quarter worth about $221,000. Beacon Pointe Advisors LLC acquired a new position in Republic Services during the 2nd quarter valued at about $1,321,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Republic Services during the 2nd quarter worth about $384,000. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Republic Services in the 2nd quarter worth approximately $7,032,000. Institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RSG. Weiss Ratings upgraded shares of Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Citigroup boosted their price objective on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Barclays raised their price objective 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. 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $245.26.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 329,200 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of $223.27 per share, with a total value of $73,500,484.00. Following the completion of the transaction, the insider 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired a total of 4,217,545 shares of company stock worth $926,720,260 in the last quarter. Insiders own 0.12% of the company's stock.

Republic Services Price Performance

NYSE RSG opened at $222.58 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $233.77. The company has a market cap of $68.16 billion, a PE ratio of 31.53, a PEG ratio of 3.69 and a beta of 0.40. The stock's 50-day moving average price is $217.58 and its two-hundred day moving average price is $215.13.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts predict 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 issued a $0.67 dividend. The ex-dividend date is Friday, October 2nd. 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%. Republic Services's dividend payout ratio is currently 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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