3,631 Shares in Republic Services, Inc. $RSG Bought by Parallax Volatility Advisers L.P.

Parallax Volatility Advisers L.P. bought a new stake in Republic Services, Inc. (NYSE:RSG) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,631 shares of the business services provider’s stock, valued at approximately $774,000.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Republic Services during the second quarter valued at approximately $3,798,092,000. Bank of America Corp DE purchased a new position in Republic Services during the second quarter valued at $682,573,000. Norges Bank bought a new stake in Republic Services during the fourth quarter valued at about $617,165,000. Capital World Investors lifted its position in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after buying an additional 1,899,183 shares in the last quarter. Finally, Morgan Stanley raised its stake in Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after acquiring an additional 1,490,719 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $221.96 on Thursday. The firm has a market capitalization of $67.97 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $235.18. The firm has a 50-day moving average price of $215.79 and a 200-day moving average price of $215.15. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm earned $1.77 earnings per share. The firm’s quarterly 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. As a group, equities research analysts forecast 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. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.62. 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. Republic Services’s payout ratio is presently 35.41%.

Analysts Set New Price Targets

Several brokerages have recently commented on RSG. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada boosted their price target on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Barclays increased their price objective on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Morgan Stanley set a $232.00 price target on shares of Republic Services in a report on Friday, August 7th. Finally, UBS Group increased their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a 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 stock. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 269,477 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $221.88 per share, for a total transaction of $59,791,556.76. Following the completion of the acquisition, the insider owned 113,375,027 shares of the company’s stock, valued at approximately $25,155,650,990.76. This trade represents a 0.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have bought 2,571,045 shares of company stock valued at $561,731,613. 0.12% of the stock is owned by insiders.

Republic Services 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.