Meiji Yasuda Asset Management Co Ltd. Makes New Investment in Republic Services, Inc. $RSG

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, Holdings Channel reports. The firm acquired 42,001 shares of the business services provider’s stock, valued at approximately $8,950,000.

A number of other large investors have also bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares during the period. Federated Hermes Inc. raised its stake in Republic Services by 23.2% during the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after buying an additional 3,303 shares during the period. NewEdge Advisors LLC boosted its holdings in Republic Services by 3.6% in the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after acquiring an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Republic Services by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after acquiring an additional 688 shares during the period. Finally, Ieq Capital LLC lifted its holdings in shares of Republic Services by 68.4% in the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after purchasing an additional 4,729 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of NYSE RSG opened at $220.45 on Monday. The stock’s 50-day simple moving average is $214.96 and its two-hundred day simple moving average is $215.04. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $237.06. The firm has a market capitalization of $67.50 billion, a P/E ratio of 31.23, a P/E/G ratio of 3.66 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 (NYSE:RSG) last issued its quarterly earnings data 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 company 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%.Republic Services’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. 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. Republic Services’s payout ratio is currently 35.41%.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. bought 178,844 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of $222.51 per share, for a total transaction of $39,794,578.44. Following the completion of the transaction, the insider owned 112,403,625 shares of the company’s stock, valued at approximately $25,010,930,598.75. The trade was a 0.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have bought a total of 1,599,643 shares of company stock valued at $346,519,404 over the last ninety days. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RSG has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Citigroup lifted their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, UBS Group increased their price target 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. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average target price of $245.26.

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.