The Manufacturers Life Insurance Company Sells 2,797 Shares of Republic Services, Inc. $RSG

The Manufacturers Life Insurance Company reduced its position in Republic Services, Inc. (NYSE:RSG) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,458 shares of the business services provider’s stock after selling 2,797 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Republic Services were worth $22,471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its position in shares of Republic Services by 11.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 45 shares in the last quarter. Focus Financial Network Inc. lifted its stake in Republic Services by 2.5% during the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after purchasing an additional 46 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Republic Services by 0.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after purchasing an additional 48 shares during the period. Williams Jones Wealth Management LLC. boosted its holdings in Republic Services by 2.6% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after purchasing an additional 49 shares in the last quarter. Finally, AlphaCentric Advisors LLC grew its stake in shares of Republic Services by 5.9% in the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 50 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Morgan Stanley set a $232.00 target price on Republic Services in a research report on Friday, August 7th. UBS Group increased their price objective on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Barclays lifted their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup boosted 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. Finally, 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. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 311,304 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was acquired at an average price of $221.31 per share, with a total value of $68,894,688.24. Following the completion of the acquisition, the insider directly owned 116,477,634 shares in the company, valued at approximately $25,777,665,180.54. This trade represents a 0.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 5,673,652 shares of company stock worth $1,251,016,257 over the last quarter. 0.12% of the stock is owned by corporate insiders.

Republic Services Stock Up 0.9%

NYSE RSG opened at $222.96 on Friday. The stock’s 50 day simple moving average is $218.26 and its 200 day simple moving average is $215.25. Republic Services, Inc. has a one year low of $196.41 and a one year high of $233.42. The firm has a market cap of $68.27 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. 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. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.

Republic Services Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.