Quantitative Investment Management LLC Buys New Stake in Republic Services, Inc. $RSG

Quantitative Investment Management LLC bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,928 shares of the business services provider’s stock, valued at approximately $623,000.

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

Republic Services Stock Up 1.1%

NYSE:RSG opened at $223.27 on Wednesday. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $235.18. The firm has a market capitalization of $68.37 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 3.66 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 business’s fifty day moving average price is $217.04 and its 200 day moving average price is $215.10.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share 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 business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 301,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was bought at an average price of $221.94 per share, with a total value of $66,803,940.00. Following the purchase, the insider directly owned 114,487,527 shares of the company’s stock, valued at approximately $25,409,361,742.38. This represents a 0.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 3,683,545 shares of company stock valued at $807,614,912. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RSG. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Morgan Stanley set a $232.00 target price on Republic Services in a research note on Friday, August 7th. UBS Group boosted their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $245.26.

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.