Meeder Advisory Services Inc. Purchases New Stake in Republic Services, Inc. $RSG

Meeder Advisory Services Inc. acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,615 shares of the business services provider’s stock, valued at approximately $1,409,000.

A number of other hedge funds also recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services during the 4th quarter worth about $25,000. Bell Investment Advisors Inc acquired a new stake in Republic Services during the second quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the third quarter worth approximately $26,000. Prosperity Bancshares Inc acquired a new position in shares of Republic Services in the fourth quarter valued at approximately $30,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Republic Services during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the purchase, the insider directly owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. The trade was a 0.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director owned 58 shares of the company’s stock, valued at approximately $12,254.24. This represents a 96.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 1,220,674 shares of company stock worth $263,117,588. Insiders own 0.12% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG opened at $220.85 on Thursday. The business has a fifty day moving average price of $214.52 and a two-hundred day moving average price of $214.98. The stock has a market capitalization of $67.63 billion, a PE ratio of 31.28, a P/E/G ratio of 3.55 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, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $238.62.

Republic Services (NYSE:RSG) last released its 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. 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 period in the prior year, the firm posted $1.77 EPS. Republic Services’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. As a group, equities analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid 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 yield of 1.2%. Republic Services’s dividend payout ratio is currently 35.41%.

Wall Street Analyst Weigh In

RSG has been the subject of several recent research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Barclays boosted their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.26.

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.