Wealthfront Advisers LLC Invests $18.56 Million in Republic Services, Inc. $RSG

Key Points

• Wealthfront Advisers acquired 87,123 Republic Services shares worth approximately $18.56 million, while institutional investors collectively own 57.73% of the company.
• Republic Services exceeded quarterly expectations, reporting $1.85 in EPS and $4.43 billion in revenue, up 4.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $245.26.
• The company raised its quarterly dividend to $0.67 per share, equivalent to an annualized $2.68 payout and a 1.2% yield. Separately, Cascade Investment purchased 206,800 shares worth $44.45 million.

Wealthfront Advisers LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 87,123 shares of the business services provider's stock, valued at approximately $18,564,000.

A number of other large investors also recently modified their holdings of the stock. Wealth Watch Advisors INC acquired a new stake in shares of Republic Services during the third quarter worth $26,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the 2nd quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new position in Republic Services during the fourth quarter worth about $25,000. Prosperity Bancshares Inc acquired a new position in Republic Services in the fourth quarter valued at about $30,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Republic Services in the fourth quarter worth about $32,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on RSG. UBS Group boosted their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Canadian Imperial Bank of Commerce reissued an "outperform" rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Republic Services in a research report on Friday, July 24th. Argus downgraded shares of Republic Services from a "buy" rating to a "hold" rating in a report on Monday, May 11th. Finally, Barclays upped their target price on Republic Services from $233.00 to $240.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $245.26.

Insider Activity

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director directly owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 206,800 shares of the business's stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $214.92 per share, with a total value of $44,445,456.00. Following the purchase, the insider directly owned 112,024,656 shares in the company, valued at $24,076,339,067.52. This trade represents a 0.18% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 1,220,674 shares of company stock worth $263,117,588. Insiders own 0.12% of the company's stock.

Republic Services Price Performance

Shares of RSG opened at $217.17 on Wednesday. The business has a 50-day moving average of $214.36 and a 200-day moving average of $214.94. 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 company has a market capitalization of $66.50 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $238.62.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results 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. 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 in the previous year, the business earned $1.77 earnings per share. Republic Services'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. As a group, equities research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

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