OneDigital Investment Advisors LLC Buys Shares of 3,260 Republic Services, Inc. $RSG

OneDigital Investment Advisors LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,260 shares of the business services provider’s stock, valued at approximately $695,000.

A number of other hedge funds have also modified their holdings of the company. CBIZ Investment Advisory Services LLC raised its holdings in Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after purchasing an additional 45 shares during the period. Focus Financial Network Inc. grew its holdings in shares of Republic Services by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock valued at $397,000 after buying an additional 46 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Republic Services by 0.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after buying an additional 48 shares during the period. Williams Jones Wealth Management LLC. increased its position in shares of Republic Services by 2.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after buying an additional 49 shares in the last quarter. Finally, AlphaCentric Advisors LLC raised its stake in Republic Services by 5.9% during the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after buying an additional 50 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

NYSE RSG opened at $217.17 on Wednesday. The firm has a market capitalization of $66.50 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm’s fifty day moving average price is $214.36 and its two-hundred day moving average price is $214.94. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $238.62.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter 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, research analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, October 2nd. 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 yield of 1.2%. Republic Services’s dividend payout ratio is 35.41%.

Analysts Set New Price Targets

RSG has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Morgan Stanley set a $232.00 target price on Republic Services in a research note on Friday, August 7th. Finally, Citigroup lifted their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.26.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the acquisition, the insider owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. The trade was a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction 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 trade represents a 96.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 1,220,674 shares of company stock worth $263,117,588. Company insiders own 0.12% of the company’s stock.

Republic Services Company 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.