Gables Capital Management Inc. Makes New Investment in Republic Services, Inc. $RSG

Gables Capital Management Inc. bought a new stake in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 11,035 shares of the business services provider’s stock, valued at approximately $2,351,000.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Republic Services by 23.2% in the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after purchasing an additional 3,303 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Republic Services by 3.6% during the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after buying an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Republic Services by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock worth $23,336,000 after buying an additional 688 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in Republic Services by 68.4% in the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock valued at $2,871,000 after buying an additional 4,729 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction that occurred on 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 owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the transaction, the insider owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 1,220,674 shares of company stock valued at $263,117,588. Company insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $217.17 on Wednesday. The company has a market capitalization of $66.50 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 3.51 and a beta of 0.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $238.62. The stock has a fifty day simple moving average of $214.36 and a 200 day simple moving average of $214.94.

Republic Services (NYSE:RSG) 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 firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

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

Analysts Set New Price Targets

RSG has been the topic of a number of recent analyst reports. Citigroup lifted their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Royal Bank Of Canada lifted their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Finally, Barclays upped their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $245.26.

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.