Legal & General Group Plc Makes New Investment in Republic Services, Inc. $RSG

Legal & General Group Plc acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,152,179 shares of the business services provider’s stock, valued at approximately $245,506,000. Legal & General Group Plc owned about 0.38% of Republic Services at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Republic Services in the second quarter valued at $3,798,092,000. State Street Corp boosted its stake in 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 purchasing an additional 166,474 shares during the period. Capital World Investors grew its position in Republic Services by 27.7% during the 4th 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 last quarter. Morgan Stanley increased its stake 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 purchasing an additional 1,490,719 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Republic Services by 18.9% in 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 owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. bought 269,477 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $221.88 per share, with a total value of $59,791,556.76. Following the purchase, the insider owned 113,375,027 shares of the company’s stock, valued at $25,155,650,990.76. This trade represents a 0.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders bought 2,571,045 shares of company stock worth $561,731,613. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RSG shares. Royal Bank Of Canada boosted their price target on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Citigroup upped their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Finally, UBS Group raised their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock 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 assigned a Hold rating to the company. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Trading Up 0.5%

Shares of RSG stock opened at $221.96 on Thursday. The stock has a market cap 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 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 fifty-two week low of $196.41 and a fifty-two week high of $235.18. The business has a fifty day simple moving average of $215.79 and a 200-day simple moving average of $215.15.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The firm 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 revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts forecast 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. Stockholders of record on Friday, October 2nd will be given a $0.67 dividend. This is an increase 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 is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) 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.