Simplicity Wealth LLC Takes $923,000 Position in Republic Services, Inc. $RSG

Simplicity Wealth LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,333 shares of the business services provider’s stock, valued at approximately $923,000.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in Republic Services in the 4th quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new position in Republic Services in the third quarter valued at $26,000. Prosperity Bancshares Inc purchased a new position in shares of Republic Services during the 4th quarter worth about $30,000. Hilton Head Capital Partners LLC purchased a new position in Republic Services during the fourth quarter worth approximately $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.0%

RSG opened at $214.75 on Monday. The stock has a market capitalization of $65.76 billion, a PE ratio of 30.42, a PEG ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $238.62. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average price of $214.01 and a two-hundred day moving average price of $214.95.

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

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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%. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s payout ratio is presently 35.41%.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the acquisition, the insider directly owned 111,065,646 shares in the company, valued at $23,866,896,668.94. This represents a 0.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services 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 directly owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 864,624 shares of company stock worth $186,474,430. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RSG. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Argus cut shares of 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 price target on shares of Republic Services in a report on Friday, May 8th. UBS Group boosted their price objective on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley set a $232.00 target price on shares of Republic Services in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.