GSA Capital Partners LLP Acquires Shares of 6,063 Republic Services, Inc. $RSG

GSA Capital Partners LLP bought a new position in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,063 shares of the business services provider’s stock, valued at approximately $1,292,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Republic Services during the 4th quarter valued at about $617,165,000. Capital World Investors raised its holdings in Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after buying an additional 1,899,183 shares during the last quarter. Morgan Stanley raised its holdings in Republic Services by 38.6% in the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after buying an additional 1,490,719 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Republic Services by 68.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider’s stock worth $497,828,000 after buying an additional 913,249 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Republic Services by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after buying an additional 807,525 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 0.3%

RSG opened at $215.28 on Tuesday. The stock has a market capitalization of $65.92 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 3.51 and a beta of 0.40. The firm has a 50 day moving average price of $214.22 and a 200-day moving average price of $214.94. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $238.62. 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 (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) 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 net margin of 12.94% and a return on equity of 18.69%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently declared 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 an increase 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 35.41%.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. 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. Morgan Stanley set a $232.00 target price on Republic Services in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Finally, Barclays increased their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average target price of $245.26.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 188,460 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $215.81 per share, with a total value of $40,671,552.60. Following the completion of the transaction, the insider owned 111,668,606 shares of the company’s stock, valued at approximately $24,099,201,860.86. This trade represents a 0.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owned 58 shares of the company’s stock, valued at approximately $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders purchased 864,624 shares of company stock valued at $186,474,430 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

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.