Republic Services, Inc. $RSG Stock Acquired by Inspire Investing LLC

Inspire Investing LLC raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 10.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,947 shares of the business services provider’s stock after purchasing an additional 5,351 shares during the period. Inspire Investing LLC’s holdings in Republic Services were worth $11,951,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Republic Services during the 2nd quarter valued at about $3,798,092,000. Bank of America Corp DE bought a new stake in Republic Services in the 2nd quarter worth approximately $682,573,000. Legal & General Group Plc bought a new stake in Republic Services in the 2nd quarter worth approximately $245,506,000. Deutsche Bank AG bought a new stake in Republic Services in the 2nd quarter worth approximately $236,628,000. Finally, Bank of New York Mellon Corp purchased a new stake in Republic Services in the second quarter worth approximately $220,527,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RSG. 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. Canadian Imperial Bank of Commerce lowered their price objective on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. UBS Group upped their price objective 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. Scotiabank reaffirmed a “sector perform” rating and issued a $236.00 price objective on shares of Republic Services in a research note on Thursday, October 15th. Finally, Morgan Stanley reduced their target price on shares of Republic Services from $232.00 to $219.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $243.73.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the completion of the purchase, the insider directly owned 116,166,330 shares in the company, valued at $25,729,680,431.70. This represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 6,254,462 shares of company stock valued at $1,380,321,958 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Republic Services Trading Down 0.7%

Shares of RSG stock opened at $240.21 on Friday. The stock has a market capitalization of $73.56 billion, a PE ratio of 34.02, a P/E/G ratio of 3.89 and a beta of 0.39. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $243.22. The business has a 50-day moving average of $220.57 and a 200 day moving average of $214.54. 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 results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.04. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. Republic Services’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 7.26 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were issued a $0.67 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.6250. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 37.96%.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.