Robeco Schweiz AG increased its position in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 81.7% during the third quarter, HoldingsChannel reports. The fund owned 148,677 shares of the business services provider’s stock after buying an additional 66,855 shares during the quarter. Robeco Schweiz AG’s holdings in Republic Services were worth $31,203,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of RSG. Gibbs Wealth Management boosted its stake in shares of Republic Services by 21.6% during the third quarter. Gibbs Wealth Management now owns 2,262 shares of the business services provider’s stock valued at $475,000 after purchasing an additional 402 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Republic Services by 15.3% during the third quarter. Tectonic Advisors LLC now owns 3,440 shares of the business services provider’s stock worth $722,000 after purchasing an additional 457 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Republic Services by 10.4% during the third quarter. Inspire Investing LLC now owns 56,947 shares of the business services provider’s stock worth $11,951,000 after purchasing an additional 5,351 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Republic Services by 15.7% in the third quarter. Brookstone Capital Management now owns 5,909 shares of the business services provider’s stock valued at $1,240,000 after buying an additional 804 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of Republic Services by 15.9% in the third quarter. Root Financial Partners LLC now owns 1,697 shares of the business services provider’s stock valued at $356,000 after buying an additional 233 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.
Insiders Place Their Bets
In other news, major shareholder Cascade Investment, L.L.C. purchased 324,810 shares of the stock in a transaction on Friday, September 11th. The stock was purchased at an average price of $222.89 per share, for a total transaction of $72,396,900.90. Following the acquisition, the insider owned 117,058,444 shares in the company, valued at $26,091,156,583.16. This trade represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 6,254,462 shares of company stock worth $1,380,321,958. Corporate insiders own 0.12% of the company’s stock.
Republic Services Trading Down 0.7%
NYSE RSG opened at $240.21 on Friday. The firm has a market capitalization of $73.56 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 3.86 and a beta of 0.39. The business’s 50-day moving average price is $220.57 and its two-hundred day moving average price is $214.54. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $243.22.
Republic Services (NYSE:RSG – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate 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 was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts expect that Republic Services, Inc. will post 7.26 EPS for the current year.
Republic Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.1%. This is a boost from Republic Services’s previous quarterly dividend of $0.6250. Republic Services’s payout ratio is currently 37.96%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Republic Services from $242.00 to $245.00 and gave the company a “neutral” rating in a report on Thursday. The Goldman Sachs Group reduced their target price on shares of Republic Services from $256.00 to $246.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Barclays upped their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Sanford C. Bernstein raised their price target on shares of Republic Services from $220.00 to $227.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Finally, 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $243.73.
View Our Latest Stock Report on RSG
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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