Two Sigma Securities LLC Decreases Stake in Republic Services, Inc. $RSG

Two Sigma Securities LLC lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 29.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,913 shares of the business services provider’s stock after selling 2,440 shares during the quarter. Two Sigma Securities LLC’s holdings in Republic Services were worth $1,260,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RSG. Bell Investment Advisors Inc bought a new position in shares of Republic Services during the 2nd quarter valued at approximately $25,000. Wealth Watch Advisors INC bought a new stake in Republic Services in the third quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Republic Services in the second quarter worth $27,000. Compass Financial Management LLC purchased a new stake in Republic Services during the second quarter valued at $27,000. Finally, Prosperity Bancshares Inc bought a new position in Republic Services during the fourth quarter valued at $30,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.2%

Shares of NYSE RSG opened at $221.61 on Tuesday. The company has a market cap of $67.86 billion, a P/E ratio of 31.39, a PEG ratio of 3.68 and a beta of 0.40. The firm has a 50-day simple moving average of $216.76 and a two-hundred day simple moving average of $215.12. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.18. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last posted 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. 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 during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the business earned $1.77 EPS. Republic Services’s revenue was up 4.6% compared to the same quarter last year. 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 year.

Republic Services Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s payout ratio is currently 35.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RSG. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. UBS Group increased their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Twelve 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 currently has an average rating of “Moderate Buy” and an average target price 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 dated Monday, August 24th. The stock was purchased at an average price of $222.91 per share, with a total value of $67,238,349.49. Following the completion of the purchase, the insider owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. The trade was a 0.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have purchased 3,131,145 shares of company stock worth $685,244,030 over the last 90 days. Company 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.