Flavin Financial Services Inc. Makes New Investment in Republic Services, Inc. $RSG

Flavin Financial Services Inc. acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 8,752 shares of the business services provider’s stock, valued at approximately $1,865,000. Republic Services comprises about 1.1% of Flavin Financial Services Inc.’s holdings, making the stock its 29th largest position.

Several other hedge funds have also modified their holdings of RSG. Bridgewater Advisors Inc. purchased a new position in shares of Republic Services during the 2nd quarter valued at about $535,000. iA Global Asset Management Inc. grew its holdings in Republic Services by 18.5% during the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after acquiring an additional 10,000 shares during the period. Norges Bank purchased a new position in Republic Services during the fourth quarter valued at approximately $617,165,000. Varma Mutual Pension Insurance Co lifted its holdings in Republic Services by 25.6% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after acquiring an additional 13,700 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in Republic Services by 14.0% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 207,272 shares of the business services provider’s stock worth $43,927,000 after purchasing an additional 25,505 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Trading Down 0.1%

RSG opened at $220.45 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day moving average price of $214.96 and a 200 day moving average price of $215.04. The stock has a market capitalization of $67.50 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $237.06.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the firm earned $1.77 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts expect 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 given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s payout ratio is currently 35.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RSG shares. Morgan Stanley set a $232.00 price target on shares of Republic Services in a research report on Friday, August 7th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Finally, Barclays raised their price target on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the transaction, the insider directly owned 111,065,646 shares in the company, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 1,599,643 shares of company stock worth $346,519,404 in the last quarter. 0.12% of the stock is currently owned by insiders.

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.