Robeco Institutional Asset Management B.V. Sells 66,564 Shares of Republic Services, Inc. $RSG

Key Points

• Robeco Institutional Asset Management cut its Republic Services stake by 49.9%, selling 66,564 shares and retaining 66,771 shares valued at approximately $14.0 million. Institutional investors collectively own 57.73% of the company.
• Insider buying remained notable, with Cascade Investment purchasing 409,500 shares worth about $90.7 million; insiders bought more than 6.25 million shares over the past three months.
• Republic Services reported quarterly EPS of $1.85, exceeding estimates, while revenue rose 4.6% year over year to $4.43 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $243.73, and the company increased its quarterly dividend to $0.67 per share.

Robeco Institutional Asset Management B.V. lowered its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 49.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,771 shares of the business services provider's stock after selling 66,564 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Republic Services were worth $14,013,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Diversify Advisory Services LLC grew its position in shares of Republic Services by 5.1% in the third quarter. Diversify Advisory Services LLC now owns 1,791 shares of the business services provider's stock valued at $411,000 after purchasing an additional 87 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Republic Services by 1.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,661 shares of the business services provider's stock worth $6,645,000 after purchasing an additional 549 shares in the last quarter. Ayrshire Capital Management LLC boosted its stake in Republic Services by 1.7% in the 3rd quarter. Ayrshire Capital Management LLC now owns 35,141 shares of the business services provider's stock worth $7,375,000 after purchasing an additional 604 shares during the period. Secure Asset Management LLC boosted its stake in Republic Services by 3.3% in the 3rd quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider's stock worth $305,000 after purchasing an additional 47 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in Republic Services by 2.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,700 shares of the business services provider's stock valued at $567,000 after buying an additional 57 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of Republic Services stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the transaction, the insider directly owned 116,166,330 shares of the company's stock, valued at $25,729,680,431.70. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders purchased 6,254,462 shares of company stock valued at $1,380,321,958. Company insiders own 0.12% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RSG shares. UBS Group increased their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Barclays upped their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. BMO Capital Markets set a $244.00 price target on shares of Republic Services in a report on Thursday, October 15th. Scotiabank reissued a "sector perform" rating and set a $236.00 price objective on shares of Republic Services in a report on Thursday, October 15th. Finally, Morgan Stanley reduced their target price on Republic Services from $232.00 to $219.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and a consensus target price of $243.73.

Republic Services Stock Down 0.7%

Shares of Republic Services stock opened at $240.21 on Friday. 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, Inc. has a 52-week low of $196.41 and a 52-week high of $243.22. The stock has a market capitalization of $73.56 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 3.89 and a beta of 0.39. The company's 50 day moving average price is $220.57 and its 200-day moving average price is $214.54.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping 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 business 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 earned $1.77 EPS. The company's 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. Equities research analysts forecast that Republic Services, Inc. will post 7.26 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, October 2nd. This is a boost from Republic Services's previous quarterly dividend of $0.6250. Republic Services's dividend payout ratio (DPR) is 37.96%.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.

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