Castlefield Investment Partners LLP Acquires New Shares in Republic Services, Inc. $RSG

Castlefield Investment Partners LLP purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, Holdings Channel.com reports. The firm purchased 2,409 shares of the business services provider’s stock, valued at approximately $513,000. Republic Services accounts for approximately 0.3% of Castlefield Investment Partners LLP’s holdings, making the stock its 29th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the last quarter. Federated Hermes Inc. increased its position in Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after buying an additional 3,303 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Republic Services by 3.6% in the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after buying an additional 1,044 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Republic Services by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after acquiring an additional 688 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in Republic Services by 68.4% during the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after purchasing an additional 4,729 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of several recent analyst reports. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Barclays raised their price target on 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 downgraded Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Insider Activity

In related news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. The trade was a 96.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the company’s stock in a transaction on Monday, August 10th. The shares were bought at an average price 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 approximately $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 1,599,643 shares of company stock valued at $346,519,404 in the last three months. Company insiders own 0.12% of the company’s stock.

Republic Services Trading Down 0.1%

Republic Services stock opened at $220.45 on Monday. The business has a 50 day moving average price of $214.96 and a two-hundred day moving average price of $215.04. 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, Inc. has a 12 month low of $196.41 and a 12 month high of $237.06. The stock has a market cap of $67.50 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40.

Republic Services (NYSE:RSG) last released 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. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The firm 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. This is an increase from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

About Republic Services

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.