61,696 Shares in Republic Services, Inc. $RSG Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 61,696 shares of the business services provider’s stock, valued at approximately $13,146,000.

Several other institutional investors have also added to or reduced their stakes in the business. Wealth Watch Advisors INC acquired a new position in Republic Services during the 3rd quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the 2nd quarter valued at about $25,000. Laurel Wealth Advisors LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Republic Services in the second quarter valued at $27,000. Finally, Compass Financial Management LLC purchased a new position in shares of Republic Services in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, Director Sandra M. Volpe sold 1,800 shares of Republic Services 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 transaction, the director owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 178,844 shares of the stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average cost of $222.51 per share, for a total transaction of $39,794,578.44. Following the transaction, the insider owned 112,403,625 shares in the company, valued at approximately $25,010,930,598.75. The trade was a 0.16% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 1,599,643 shares of company stock valued at $346,519,404. Insiders own 0.12% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $220.45 on Monday. The company has a fifty day simple moving average of $214.96 and a 200-day simple moving average of $215.04. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.66 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 52-week low of $196.41 and a 52-week high of $237.06.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The firm had revenue of $4.43 billion for 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%. Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is 35.41%.

Analysts Set New Price Targets

RSG has been the subject of a number of recent analyst reports. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Barclays increased their price objective on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.26.

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.