Meeder Advisory Services Inc. acquired a new position in shares of Republic Services, Inc. (NYSE:RSG – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,615 shares of the business services provider’s stock, valued at approximately $1,409,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the third quarter worth $26,000. Bell Investment Advisors Inc bought a new position in shares of Republic Services in the 2nd quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services during the 4th quarter valued at $25,000. Prosperity Bancshares Inc bought a new stake in Republic Services during the 4th quarter worth $30,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Republic Services in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.
Insider Activity
In other news, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. This trade represents a 96.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. bought 206,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of $214.92 per share, for a total transaction of $44,445,456.00. Following the transaction, the insider directly owned 112,024,656 shares in the company, valued at $24,076,339,067.52. This trade represents a 0.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 1,220,674 shares of company stock worth $263,117,588. 0.12% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on RSG
Republic Services Price Performance
Republic Services stock opened at $220.85 on Thursday. The stock’s 50 day moving average is $214.52 and its 200 day moving average is $214.98. Republic Services, Inc. has a one year low of $196.41 and a one year high of $238.62. The firm has a market cap of $67.63 billion, a P/E ratio of 31.28, a P/E/G ratio of 3.55 and a beta of 0.40. 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 – Get Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The company’s revenue for the quarter 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. As a group, research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.
Republic Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is 35.41%.
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.
Featured Stories
- Five stocks we like better than Republic Services
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG – Free Report).
Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.
