Dearborn Partners LLC Acquires New Holdings in Republic Services, Inc. $RSG

Dearborn Partners LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 140,994 shares of the business services provider’s stock, valued at approximately $30,043,000. Republic Services makes up about 1.4% of Dearborn Partners LLC’s investment portfolio, making the stock its 19th largest position.

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

Wall Street Analysts Forecast Growth

RSG has been the topic of several research analyst reports. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. 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. Morgan Stanley set a $232.00 target price on Republic Services in a research report on Friday, August 7th. UBS Group increased their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada lifted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. bought 269,477 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $221.88 per share, for a total transaction of $59,791,556.76. Following the purchase, the insider owned 113,375,027 shares in the company, valued at $25,155,650,990.76. This trade represents a 0.24% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have acquired a total of 2,571,045 shares of company stock valued at $561,731,613 in the last three months. 0.12% of the stock is currently owned by insiders.

Republic Services Price Performance

Republic Services stock opened at $219.05 on Friday. The stock has a market capitalization of $67.08 billion, a P/E ratio of 31.03, a P/E/G ratio of 3.68 and a beta of 0.40. The company’s fifty day moving average price is $216.07 and its 200 day moving average price is $215.15. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.18.

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 the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. Republic Services’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal 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 paid 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 currently 37.96%.

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.