Inspire Investing LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,947 shares of the business services provider’s stock after purchasing an additional 5,351 shares during the period. Inspire Investing LLC’s holdings in Republic Services were worth $11,951,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of RSG. Korea Investment CORP bought a new stake in shares of Republic Services in the 2nd quarter worth approximately $20,602,000. Equitable Holdings Inc. bought a new position in shares of Republic Services during the second quarter valued at approximately $1,381,000. Bridgewater Advisors Inc. bought a new position in shares of Republic Services during the second quarter valued at approximately $535,000. Public Employees Retirement System of Ohio bought a new position in shares of Republic Services during the second quarter valued at approximately $16,335,000. Finally, Rakuten Investment Management Inc. purchased a new stake in Republic Services in the second quarter worth $7,032,000. Institutional investors own 57.73% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently weighed in on RSG. Canadian Imperial Bank of Commerce cut their price target on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Wolfe Research started coverage on shares of Republic Services in a report on Tuesday, September 15th. They issued a “peer perform” rating for the company. Raymond James Financial set a $235.00 target price on shares of Republic Services in a research report on Friday, October 9th. UBS Group raised their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Citigroup lifted their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $243.73.
Republic Services Trading Down 0.7%
RSG opened at $240.21 on Friday. The stock has a market cap of $73.56 billion, a PE ratio of 34.02, a PEG ratio of 3.89 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. The business has a 50 day moving average of $220.57 and a 200-day moving average of $214.54. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $243.22.
Republic Services (NYSE:RSG – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The company 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 firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts predict that Republic Services, Inc. will post 7.26 earnings per share for the current fiscal 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 issued a dividend of $0.67 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date was Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is presently 37.96%.
Insider Activity at Republic Services
In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 324,810 shares of Republic Services stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of $222.89 per share, with a total value of $72,396,900.90. Following the transaction, the insider directly owned 117,058,444 shares of the company’s stock, valued at $26,091,156,583.16. This represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have acquired 6,254,462 shares of company stock worth $1,380,321,958. Insiders own 0.12% of the company’s stock.
Republic Services 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.
See Also
- Five stocks we like better than Republic Services
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
- MarketBeat Week in Review – 10/19 – 10/23
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.
