J.Safra Asset Management Corp Takes $724,000 Position in Republic Services, Inc. $RSG

J.Safra Asset Management Corp purchased a new position in Republic Services, Inc. (NYSE:RSG) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,396 shares of the business services provider’s stock, valued at approximately $724,000.

Several other large investors have also recently made changes to their positions in RSG. Laurel Wealth Advisors LLC purchased a new position in Republic Services in the 4th quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in Republic Services during the 3rd quarter worth $26,000. Prosperity Bancshares Inc purchased a new stake in shares of Republic Services during the fourth quarter worth $30,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at about $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after buying an additional 52 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RSG shares. Barclays boosted their price target 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. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Royal Bank Of Canada boosted their target price 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 target on Republic Services in a report on Friday, August 7th. Finally, UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Insider Buying and Selling at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director directly owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the transaction, the insider directly owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. The trade was a 0.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 864,624 shares of company stock worth $186,474,430. Corporate insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $214.75 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $65.76 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 3.51 and a beta of 0.40. The company’s 50-day moving average is $214.01 and its two-hundred day moving average is $214.95. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $238.62.

Republic Services (NYSE:RSG) last announced 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 the consensus estimate 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 last year, the firm earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is 35.41%.

Republic Services 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.