Danske Bank A S Takes Position in Republic Services, Inc. $RSG

Danske Bank A S purchased a new position in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 161,605 shares of the business services provider’s stock, valued at approximately $34,435,000. Danske Bank A S owned approximately 0.05% of Republic Services as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. BlackRock Inc. bought a new stake in shares of Republic Services in the 2nd quarter valued at approximately $3,798,092,000. State Street Corp lifted its position in shares of Republic Services by 1.7% during the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after buying an additional 166,474 shares during the period. Capital World Investors boosted its stake in Republic Services by 27.7% in the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after buying an additional 1,899,183 shares in the last quarter. Morgan Stanley grew its position 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 valued at $1,133,509,000 after acquiring an additional 1,490,719 shares during the period. Finally, Wellington Management Group LLP raised its stake in 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 worth $1,074,513,000 after acquiring an additional 807,525 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Morgan Stanley set a $232.00 price target on shares of Republic Services in a report on Friday, August 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Citigroup raised their price objective on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Stock Performance

Republic Services stock opened at $220.85 on Thursday. The stock has a 50-day simple moving average of $214.52 and a 200 day simple moving average of $214.98. The stock has a market capitalization of $67.63 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 3.55 and a beta of 0.40. 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, Inc. has a 12-month low of $196.41 and a 12-month high of $238.62.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the company posted $1.77 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given 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 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio is presently 35.41%.

Insider Buying and Selling at Republic Services

In other news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost 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 trade represents a 0.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 1,220,674 shares of company stock worth $263,117,588. Company insiders own 0.12% of the company’s stock.

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.