Sepio Capital LP lessened its position in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 35.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,301 shares of the business services provider’s stock after selling 4,524 shares during the period. Sepio Capital LP’s holdings in Republic Services were worth $1,742,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Korea Investment CORP purchased a new stake in Republic Services during the second quarter worth approximately $20,602,000. Equitable Holdings Inc. acquired a new position in Republic Services in the second quarter valued at approximately $1,381,000. Bridgewater Advisors Inc. acquired a new position in Republic Services in the second quarter valued at approximately $535,000. Public Employees Retirement System of Ohio purchased a new position in Republic Services in the second quarter valued at approximately $16,335,000. Finally, Rakuten Investment Management Inc. purchased a new position in Republic Services in the second quarter valued at approximately $7,032,000. 57.73% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the acquisition, the insider directly owned 116,166,330 shares of the company’s stock, valued at $25,729,680,431.70. The trade was a 0.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased 6,254,462 shares of company stock worth $1,380,321,958 in the last 90 days. Company insiders own 0.12% of the company’s stock.
Republic Services Trading Up 5.1%
NYSE:RSG opened at $241.98 on Friday. The stock’s 50 day moving average price is $220.06 and its 200 day moving average price is $214.36. The company has a market capitalization of $74.10 billion, a PE ratio of 31.94, a P/E/G ratio of 3.70 and a beta of 0.39. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $242.42.
Republic Services (NYSE:RSG – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The firm’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. On average, research analysts anticipate that Republic Services, Inc. will post 7.26 EPS for the current year.
Republic Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date was Friday, October 2nd. Republic Services’s payout ratio is 37.96%.
Analyst Ratings Changes
A number of analysts have weighed in on RSG shares. Sanford C. Bernstein raised their price objective on shares of Republic Services from $220.00 to $227.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. Raymond James Financial set a $235.00 target price on shares of Republic Services in a research report on Friday, October 9th. BMO Capital Markets set a $244.00 price target on shares of Republic Services in a research note on Thursday, October 15th. The Goldman Sachs Group reduced their price target on shares of Republic Services from $256.00 to $246.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Finally, Robert W. Baird boosted their price target on shares of Republic Services from $242.00 to $245.00 and gave the company a “neutral” rating in a research report on Thursday. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.73.
Get Our Latest Stock Analysis on Republic Services
Republic Services Company Profile
Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.
The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.
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