Dearborn Partners LLC Acquires New Shares in Republic Services, Inc. $RSG

Dearborn Partners LLC bought a new position in Republic Services, Inc. (NYSE:RSG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 140,994 shares of the business services provider’s stock, valued at approximately $30,043,000. Republic Services makes up approximately 1.4% of Dearborn Partners LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RSG. Brighton Jones LLC raised its position in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Republic Services by 23.2% during the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after acquiring an additional 3,303 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Republic Services by 3.6% in the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after acquiring an additional 1,044 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Republic Services by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after purchasing an additional 688 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in Republic Services by 68.4% during the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock valued at $2,871,000 after purchasing an additional 4,729 shares during the period. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on RSG. Barclays boosted their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada raised 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. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price target 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 issued a Hold rating to the company. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $245.26.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $222.91 per share, for a total transaction of $67,238,349.49. Following the acquisition, the insider owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. This represents a 0.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders purchased 2,571,045 shares of company stock valued at $561,731,613. 0.12% of the stock is currently owned by insiders.

Republic Services Price Performance

Shares of Republic Services stock opened at $219.05 on Friday. The company has a market capitalization of $67.08 billion, a price-to-earnings ratio of 31.03, a PEG 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. The stock’s 50-day simple moving average is $216.07 and its 200-day simple moving average is $215.15. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18.

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, beating analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business 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 dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is a boost 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%.

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.