Greenland Capital Management LP purchased a new stake in Republic Services, Inc. (NYSE:RSG – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 24,660 shares of the business services provider’s stock, valued at approximately $5,255,000.
Several other institutional investors also recently bought and sold shares of RSG. Wealth Watch Advisors INC acquired a new position in shares of Republic Services during the 3rd quarter valued at $26,000. Bell Investment Advisors Inc acquired a new stake in Republic Services in the 2nd quarter valued at $25,000. Laurel Wealth Advisors LLC purchased a new position in Republic Services in the fourth quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Republic Services during the second quarter worth about $27,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Republic Services in the fourth quarter worth about $30,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Citigroup increased their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Royal Bank Of Canada upped their price target on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. Barclays boosted their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.26.
Insider Activity
In related news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director directly owned 58 shares in the company, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the business’s stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $214.89 per share, for a total transaction of $56,228,976.96. Following the purchase, the insider directly owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 1,599,643 shares of company stock worth $346,519,404 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.
Republic Services Stock Performance
Republic Services stock opened at $220.45 on Friday. The stock has a market cap of $67.50 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 3.61 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average of $214.96 and a 200-day moving average of $215.05. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $237.06.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 7.27 EPS for the current fiscal year.
Republic Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.
Republic Services Company 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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