Coastal Bridge Advisors LLC Buys Shares of 6,266 Republic Services, Inc. $RSG

Coastal Bridge Advisors LLC purchased a new position in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,266 shares of the business services provider’s stock, valued at approximately $1,335,000.

Several other hedge funds also recently modified their holdings of RSG. BlackRock Inc. bought a new position in Republic Services during the second quarter worth $3,798,092,000. State Street Corp boosted its holdings in Republic Services by 1.7% in the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock valued at $2,054,820,000 after purchasing an additional 166,474 shares during the period. Capital World Investors grew its position in Republic Services by 27.7% in the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares during the last quarter. Morgan Stanley increased its holdings in shares of 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 purchasing an additional 1,490,719 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Republic Services by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after buying an additional 807,525 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley set a $232.00 target price on Republic Services in a research report on Friday, August 7th. UBS Group upped their price target on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Royal Bank Of Canada lifted their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Barclays boosted their price objective 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. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Stock Performance

NYSE:RSG opened at $219.05 on Friday. The firm has a market capitalization of $67.08 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 3.68 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, 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 $216.07 and a 200 day moving average price of $215.15.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating 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 company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts anticipate 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. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.96%.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 301,639 shares of the business’s stock in a transaction on Monday, August 24th. The stock was bought at an average cost of $222.91 per share, with a total value of $67,238,349.49. Following the completion of the acquisition, the insider owned 113,105,550 shares in the company, valued at $25,212,358,150.50. The trade was a 0.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired 2,571,045 shares of company stock worth $561,731,613 in the last three months. Corporate insiders own 0.12% of the company’s stock.

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.