Deutsche Bank AG Acquires Shares of 1,110,514 Republic Services, Inc. $RSG

Deutsche Bank AG bought a new position in Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,110,514 shares of the business services provider’s stock, valued at approximately $236,628,000. Deutsche Bank AG owned approximately 0.36% of Republic Services at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in shares of Republic Services in the 3rd quarter valued at $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Republic Services during the 2nd quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new position in Republic Services during the 4th quarter valued at about $25,000. Prosperity Bancshares Inc bought a new stake in Republic Services during the fourth quarter worth about $30,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Republic Services during the fourth quarter worth approximately $32,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. bought 206,800 shares of Republic Services stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $214.92 per share, with a total value of $44,445,456.00. Following the acquisition, the insider directly owned 112,024,656 shares of the company’s stock, valued at $24,076,339,067.52. The trade was a 0.18% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 1,220,674 shares of company stock worth $263,117,588. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RSG shares. Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on Republic Services in a research note on Friday, August 7th. UBS Group increased 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. Finally, Citigroup lifted their price target on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Republic Services Price Performance

Republic Services stock opened at $217.17 on Wednesday. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $238.62. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $66.50 billion, a P/E ratio of 30.76, a PEG ratio of 3.51 and a beta of 0.40. The business has a 50-day moving average of $214.36 and a 200-day moving average of $214.94.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio is 35.41%.

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.