Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Republic Services, Inc. (NYSE:RSG – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 493,472 shares of the business services provider’s stock, valued at approximately $105,149,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Republic Services as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC bought a new stake in shares of Republic Services during the 2nd quarter valued at about $256,000. OneDigital Investment Advisors LLC purchased a new stake in Republic Services in the second quarter valued at approximately $695,000. Bell Investment Advisors Inc purchased a new stake in Republic Services in the second quarter valued at approximately $25,000. Roman Butler Fullerton & Co. bought a new stake in Republic Services during the second quarter valued at approximately $936,000. Finally, Simplicity Wealth LLC purchased a new position in Republic Services in the 2nd quarter worth approximately $923,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.
Insider Buying and Selling
In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was 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. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the purchase, the insider owned 111,065,646 shares of the company’s stock, valued at approximately $23,866,896,668.94. This trade represents a 0.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 1,220,674 shares of company stock worth $263,117,588 over the last ninety days. Insiders own 0.12% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Republic Services
Republic Services Price Performance
Shares of NYSE:RSG opened at $217.17 on Wednesday. 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 has a market cap of $66.50 billion, a PE ratio of 30.76, a PEG ratio of 3.51 and a beta of 0.40. The company’s fifty day moving average is $214.36 and its 200 day moving average is $214.94. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $238.62.
Republic Services (NYSE:RSG – Get Free Report) 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 firm 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 company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.77 earnings per share. 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 declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is 35.41%.
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.
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