Republic Services, Inc. $RSG Stock: Robeco Institutional Asset Management B.V. Reduces Stake

Robeco Institutional Asset Management B.V. reduced its position in Republic Services, Inc. (NYSE:RSG) by 49.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,771 shares of the business services provider’s stock after selling 66,564 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Republic Services were worth $14,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Diversify Advisory Services LLC increased its holdings in shares of Republic Services by 5.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,791 shares of the business services provider’s stock worth $411,000 after purchasing an additional 87 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Republic Services by 1.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,661 shares of the business services provider’s stock valued at $6,645,000 after purchasing an additional 549 shares in the last quarter. Ayrshire Capital Management LLC increased its holdings in Republic Services by 1.7% in the 3rd quarter. Ayrshire Capital Management LLC now owns 35,141 shares of the business services provider’s stock worth $7,375,000 after buying an additional 604 shares in the last quarter. Secure Asset Management LLC increased its holdings in Republic Services by 3.3% in the 3rd quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider’s stock worth $305,000 after buying an additional 47 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Republic Services by 2.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,700 shares of the business services provider’s stock worth $567,000 after buying an additional 57 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

NYSE RSG opened at $240.21 on Friday. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $243.22. The firm has a market capitalization of $73.56 billion, a P/E ratio of 33.55, a PEG ratio of 3.89 and a beta of 0.39. 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 company has a 50-day moving average price of $220.57 and a 200-day moving average price of $214.54.

Republic Services (NYSE:RSG) last announced its 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 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 firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 7.26 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd were given a $0.67 dividend. The ex-dividend date was Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.6250. This represents a $2.68 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is currently 37.96%.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 409,500 shares of the stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the transaction, the insider directly owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 6,254,462 shares of company stock valued at $1,380,321,958 over the last 90 days. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RSG shares. Raymond James Financial set a $235.00 target price on shares of Republic Services in a research note on Friday, October 9th. Citigroup lifted their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. UBS Group increased their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group cut their target price on shares of Republic Services from $256.00 to $246.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.73.

About Republic Services

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.