9,000 Shares in Republic Services, Inc. $RSG Acquired by Cibc World Market Inc.

Cibc World Market Inc. purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,000 shares of the business services provider’s stock, valued at approximately $1,918,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Republic Services during the 2nd quarter worth about $3,798,092,000. Norges Bank purchased a new position in shares of Republic Services in the fourth quarter worth about $617,165,000. Capital World Investors lifted its holdings in shares of Republic Services by 27.7% during 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 purchasing an additional 1,899,183 shares during the period. Morgan Stanley boosted 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 buying an additional 1,490,719 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Republic Services in the second quarter valued at approximately $236,628,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RSG. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Royal Bank Of Canada raised their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Citigroup raised their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, UBS Group boosted their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $245.26.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 269,477 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average price of $221.88 per share, with a total value of $59,791,556.76. Following the completion of the acquisition, the insider directly owned 113,375,027 shares of the company’s stock, valued at $25,155,650,990.76. This represents a 0.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have acquired 2,571,045 shares of company stock worth $561,731,613. Insiders own 0.12% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $221.96 on Thursday. The stock has a market capitalization of $67.97 billion, a P/E ratio of 31.44, a P/E/G ratio of 3.66 and a beta of 0.40. The company’s fifty day moving average price is $215.79 and its 200 day moving average price is $215.15. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.18.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) 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 business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the firm posted $1.77 earnings per share. The company’s 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. As a group, equities research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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