Triton Financial Group Inc Takes $1.75 Million Position in Republic Services, Inc. $RSG

Triton Financial Group Inc purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,202 shares of the business services provider’s stock, valued at approximately $1,748,000.

A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Republic Services during the 2nd quarter worth about $3,798,092,000. Bank of America Corp DE bought a new position in Republic Services during the second quarter worth about $682,573,000. Norges Bank acquired a new position in Republic Services during the fourth quarter worth approximately $617,165,000. Capital World Investors raised its stake in Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after buying an additional 1,899,183 shares during the period. Finally, Morgan Stanley raised its stake in Republic Services by 38.6% in the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after buying an additional 1,490,719 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 1.4%

Shares of NYSE RSG opened at $219.05 on Friday. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18. The stock’s fifty day moving average is $216.07 and its 200 day moving average 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. The stock has a market capitalization of $67.08 billion, a P/E ratio of 31.03, a PEG ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last released its earnings results 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. The firm had revenue of $4.43 billion during 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%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal 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. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.96%.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 301,639 shares of Republic Services stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $222.91 per share, with a total value of $67,238,349.49. Following the acquisition, the insider directly owned 113,105,550 shares of the company’s stock, valued at $25,212,358,150.50. The trade was a 0.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 2,571,045 shares of company stock valued at $561,731,613 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. Barclays lifted their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, UBS Group upped their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price 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.