VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Republic Services, Inc. $RSG

Key Points

• Virginia Retirement Systems purchased 61,021 shares of Republic Services worth approximately $13 million, while institutional investors collectively own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS versus the $1.81 estimate and $4.43 billion in revenue, up 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 from $0.62, implying an annualized dividend of $2.68 and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 61,021 shares of the business services provider's stock, valued at approximately $13,002,000.

Other large investors also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its holdings in Republic Services by 11.3% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider's stock valued at $94,000 after acquiring an additional 45 shares during the period. Focus Financial Network Inc. grew its position in shares of Republic Services by 2.5% during the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider's stock worth $397,000 after purchasing an additional 46 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Republic Services by 0.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider's stock worth $2,216,000 after purchasing an additional 48 shares in the last quarter. Williams Jones Wealth Management LLC. raised its position in shares of Republic Services by 2.6% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider's stock valued at $408,000 after buying an additional 49 shares during the last quarter. Finally, ICONIQ Capital LLC raised its position in shares of Republic Services by 3.3% during the second quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider's stock valued at $384,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Trading Down 0.1%

Shares of NYSE RSG opened at $222.58 on Tuesday. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $233.77. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The business's 50 day moving average is $217.74 and its two-hundred day moving average is $215.14. The stock has a market capitalization of $68.16 billion, a P/E ratio of 31.53, a PEG ratio of 3.69 and a beta of 0.40.

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 the consensus estimate of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current 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 paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services's payout ratio is presently 35.41%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays increased their price objective on shares of Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Argus downgraded Republic Services from a "buy" rating to a "hold" rating in a research report on Monday, May 11th. Weiss Ratings raised Republic Services from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Morgan Stanley set a $232.00 price objective on Republic Services in a research note on Friday, August 7th. Finally, Citigroup upped their price objective on Republic Services from $247.00 to $259.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $245.26.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. bought 329,200 shares of Republic Services stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average price of $223.27 per share, with a total value of $73,500,484.00. Following the completion of the purchase, the insider owned 115,021,527 shares in the company, valued at $25,680,856,333.29. The trade was a 0.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have 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.

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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