EFG International AG Takes $1.07 Million Position in Republic Services, Inc. $RSG

EFG International AG purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,042 shares of the business services provider’s stock, valued at approximately $1,074,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSG. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services during the 4th quarter worth about $25,000. Bell Investment Advisors Inc purchased a new position in shares of Republic Services in the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services in the 3rd quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Republic Services in the 2nd quarter worth about $27,000. Finally, Compass Financial Management LLC purchased a new position in Republic Services during the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 269,477 shares of Republic Services stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $221.88 per share, with a total value of $59,791,556.76. Following the transaction, the insider owned 113,375,027 shares in the company, valued at $25,155,650,990.76. This represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 2,571,045 shares of company stock worth $561,731,613. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of recent analyst reports. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Barclays increased their price objective on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. UBS Group boosted their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, Citigroup upped their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Stock Up 0.5%

NYSE RSG opened at $221.96 on Thursday. The business’s fifty day simple moving average is $215.79 and its 200-day simple moving average is $215.15. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market cap of $67.97 billion, a PE ratio of 31.44, a P/E/G ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. 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 anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently declared 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. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s payout ratio is 35.41%.

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.