Castlefield Investment Partners LLP Takes $513,000 Position in Republic Services, Inc. $RSG

Castlefield Investment Partners LLP purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,409 shares of the business services provider’s stock, valued at approximately $513,000. Republic Services makes up 0.3% of Castlefield Investment Partners LLP’s investment portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC acquired a new position in shares of Republic Services in the third quarter worth about $26,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the 2nd quarter valued at approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services during the 4th quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services in the second quarter worth $27,000. Finally, Compass Financial Management LLC acquired a new stake in Republic Services in the second quarter valued at $27,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Down 0.1%

RSG stock opened at $220.45 on Monday. The firm has a market cap of $67.50 billion, a PE ratio of 31.23, a P/E/G 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 $237.06. 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 firm has a 50 day simple moving average of $214.96 and a 200 day simple moving average of $215.04.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share 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. Investors of record on Friday, October 2nd will be paid 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 yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Insider Transactions at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of the company’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 completion of the sale, the director owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 178,844 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of $222.51 per share, for a total transaction of $39,794,578.44. Following the completion of the purchase, the insider owned 112,403,625 shares in the company, valued at approximately $25,010,930,598.75. This trade represents a 0.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 1,599,643 shares of company stock valued at $346,519,404 over the last ninety days. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RSG shares. 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 report on Friday, May 8th. Barclays upped their price target on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $245.26.

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.