2,259 Shares in Republic Services, Inc. $RSG Purchased by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP bought a new position in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,259 shares of the business services provider’s stock, valued at approximately $481,000.

Several other institutional investors have also added to or reduced their stakes in the company. Korea Investment CORP bought a new stake in Republic Services during the second quarter worth approximately $20,602,000. Bridgewater Advisors Inc. bought a new position in shares of Republic Services in the second quarter worth about $535,000. iA Global Asset Management Inc. increased its position in shares of Republic Services by 18.5% during the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after acquiring an additional 10,000 shares during the period. Norges Bank bought a new stake in Republic Services during the 4th quarter valued at $617,165,000. Finally, Varma Mutual Pension Insurance Co lifted its position in shares of Republic Services by 25.6% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock worth $14,237,000 after purchasing an additional 13,700 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the purchase, the insider directly owned 111,065,646 shares in the company, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired a total of 1,999,929 shares of company stock valued at $434,701,707 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RSG shares. Royal Bank Of Canada upped their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Citigroup raised 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. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, UBS Group increased their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Trading Up 1.1%

Shares of Republic Services stock opened at $223.04 on Tuesday. 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 stock’s 50 day simple moving average is $215.27 and its 200-day simple moving average is $215.11. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $235.98. The stock has a market cap of $68.30 billion, a P/E ratio of 31.59, a P/E/G ratio of 3.66 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm earned $1.77 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal 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 given a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend 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%.

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.