Washington Trust Bank lowered its position in Republic Services, Inc. (NYSE:RSG – Free Report) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,518 shares of the business services provider’s stock after selling 3,522 shares during the quarter. Washington Trust Bank’s holdings in Republic Services were worth $10,125,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. New Mexico Educational Retirement Board grew its stake in Republic Services by 6.4% in the 2nd quarter. New Mexico Educational Retirement Board now owns 9,995 shares of the business services provider’s stock valued at $2,130,000 after acquiring an additional 600 shares during the last quarter. Mufg Securities Americas Inc. raised its position in Republic Services by 8.2% during the second quarter. Mufg Securities Americas Inc. now owns 6,024 shares of the business services provider’s stock worth $1,284,000 after acquiring an additional 456 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Republic Services by 6.1% in the second quarter. Van ECK Associates Corp now owns 35,473 shares of the business services provider’s stock valued at $7,559,000 after purchasing an additional 2,031 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Republic Services by 9.1% in the second quarter. Hsbc Holdings PLC now owns 436,976 shares of the business services provider’s stock valued at $93,210,000 after purchasing an additional 36,403 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Republic Services during the 2nd quarter worth approximately $19,904,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.
Republic Services News Roundup
Here are the key news stories impacting Republic Services this week:
- Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
- Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
- Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
- Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
- Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.
Insider Buying and Selling at Republic Services
Republic Services Stock Up 1.4%
RSG stock opened at $222.24 on Friday. The company has a 50 day moving average price of $216.42 and a two-hundred day moving average price of $215.19. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $68.05 billion, a P/E ratio of 31.48, a PEG ratio of 3.68 and a beta of 0.40. Republic Services, Inc. has a one year low of $196.41 and a one year high of $235.18.
Republic Services (NYSE:RSG – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.04. The business 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 business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, sell-side analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.
Republic Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. 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
Several research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. UBS Group raised their price target on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.
Read Our Latest Research Report on Republic Services
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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