Keebeck Wealth Management bought a new position in Republic Services, Inc. (NYSE:RSG – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 9,017 shares of the business services provider’s stock, valued at approximately $1,921,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new position in Republic Services during the fourth quarter worth $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services in the second quarter valued at $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services in the 3rd quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Republic Services during the 2nd quarter worth about $27,000. Finally, Prosperity Bancshares Inc bought a new position in Republic Services during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.
Insider Buying and Selling at Republic Services
In other news, major shareholder Cascade Investment, L.L.C. bought 178,844 shares of the stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of $222.51 per share, for a total transaction of $39,794,578.44. Following the acquisition, the insider owned 112,403,625 shares of the company’s stock, valued at $25,010,930,598.75. This represents a 0.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 1,599,643 shares of company stock valued at $346,519,404 over the last quarter. Company insiders own 0.12% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Republic Services
Republic Services Price Performance
Shares of RSG stock opened at $220.45 on Friday. The company has a market capitalization of $67.50 billion, a P/E ratio of 31.23, a P/E/G ratio of 3.59 and a beta of 0.40. The company’s 50-day simple moving average is $214.96 and its two-hundred day simple moving average is $215.05. Republic Services, Inc. has a one year low of $196.41 and a one year high of $237.06. 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 posted its quarterly 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 firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.
Republic Services Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. 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 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio is presently 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.
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