Corient Private Wealth LP Takes $33.38 Million Position in Republic Services, Inc. $RSG

Corient Private Wealth LP bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 156,650 shares of the business services provider’s stock, valued at approximately $33,380,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSG. Wealth Watch Advisors INC acquired a new stake 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 approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services during the 4th quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services during the second quarter worth approximately $27,000. Finally, Compass Financial Management LLC bought a new stake in shares of Republic Services in the second quarter worth $27,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RSG. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Citigroup upped their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Barclays lifted their price target on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Finally, Royal Bank Of Canada lifted their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 269,477 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $221.88 per share, with a total value of $59,791,556.76. Following the acquisition, the insider owned 113,375,027 shares in the company, valued at approximately $25,155,650,990.76. This trade represents a 0.24% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders purchased 2,571,045 shares of company stock worth $561,731,613. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Stock Down 1.4%

Shares of NYSE:RSG opened at $219.05 on Friday. The company’s fifty day moving average is $216.07 and its two-hundred day moving average 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. The stock has a market capitalization of $67.08 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 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 during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the business posted $1.77 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is currently 37.96%.

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.