Northwestern Mutual Wealth Management Co. Decreases Stake in Republic Services, Inc. $RSG

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 7.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,744 shares of the business services provider’s stock after selling 2,860 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Republic Services were worth $7,190,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new stake in shares of Republic Services in the second quarter worth $25,000. Wealth Watch Advisors INC purchased a new stake in Republic Services during the 3rd quarter worth $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Republic Services in the 2nd quarter valued at $27,000. Compass Financial Management LLC purchased a new position in Republic Services in the second quarter valued at about $27,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of Republic Services during the fourth quarter worth about $30,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 301,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $221.94 per share, with a total value of $66,803,940.00. Following the transaction, the insider owned 114,487,527 shares of the company’s stock, valued at approximately $25,409,361,742.38. This trade represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have bought 3,683,545 shares of company stock valued at $807,614,912. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RSG. Royal Bank Of Canada increased their target price on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Barclays upped their price target on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Citigroup lifted their price objective 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. UBS Group upped 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. Finally, Morgan Stanley set a $232.00 price target on shares of Republic Services in a research note on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Republic Services Price Performance

Shares of NYSE RSG opened at $222.73 on Thursday. The business has a 50 day moving average price of $217.22 and a two-hundred day moving average price of $215.12. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.18. The firm has a market cap of $68.20 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 3.70 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 (NYSE:RSG) last released its 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 return on equity of 18.69% and a net margin of 12.94%.The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the business posted $1.77 EPS. The business’s 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. Sell-side analysts expect 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. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. 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 (DPR) is 37.96%.

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.