Roman Butler Fullerton & Co. Invests $936,000 in Republic Services, Inc. $RSG

Roman Butler Fullerton & Co. purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,197 shares of the business services provider’s stock, valued at approximately $936,000.

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

Insider Transactions at Republic Services

In other Republic Services 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 shares were 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 $23,866,896,668.94. This trade represents a 0.24% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $12,254.24. The trade was a 96.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 864,624 shares of company stock valued at $186,474,430. 0.12% of the stock is owned by corporate insiders.

Republic Services Trading Up 0.0%

NYSE RSG opened at $214.75 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 stock’s 50-day moving average is $214.01 and its 200-day moving average is $214.95. Republic Services, Inc. has a one year low of $196.41 and a one year high of $238.62. The firm has a market cap of $65.76 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.51 and a beta of 0.40.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RSG shares. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Citigroup raised their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

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.