United Capital Financial Advisors LLC Purchases Shares of 31,429 Republic Services, Inc. $RSG

United Capital Financial Advisors LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, HoldingsChannel reports. The firm acquired 31,429 shares of the business services provider’s stock, valued at approximately $6,697,000.

Other hedge funds have also recently made changes to their positions in the company. Korea Investment CORP bought a new stake in Republic Services in the second quarter valued at $20,602,000. Bridgewater Advisors Inc. bought a new position in Republic Services in the 2nd quarter worth $535,000. iA Global Asset Management Inc. lifted its position in shares of Republic Services by 18.5% in the 4th quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after purchasing an additional 10,000 shares during the period. Norges Bank bought a new stake in shares of Republic Services during the 4th quarter valued at about $617,165,000. Finally, Varma Mutual Pension Insurance Co boosted its stake in shares of Republic Services by 25.6% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after purchasing an additional 13,700 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. UBS Group lifted their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada increased their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Citigroup raised their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Price Performance

Shares of NYSE RSG opened at $219.05 on Friday. The company has a 50 day simple moving average of $216.07 and a two-hundred day simple moving average of $215.15. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.18. The company has a market capitalization of $67.08 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 3.68 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm posted $1.77 EPS. The business’s revenue for the quarter 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 expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal 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 $0.67 dividend. 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 currently 37.96%.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of Republic Services stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of $222.91 per share, for a total transaction of $67,238,349.49. Following the completion of the acquisition, the insider directly owned 113,105,550 shares of the company’s stock, valued at $25,212,358,150.50. The trade was a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 2,571,045 shares of company stock worth $561,731,613 in the last ninety days. 0.12% of the stock is owned by company insiders.

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.