Deutsche Bank AG Buys New Shares in Republic Services, Inc. $RSG

Deutsche Bank AG 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 1,110,514 shares of the business services provider’s stock, valued at approximately $236,628,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 8,547 shares during the period. Federated Hermes Inc. raised its position in Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after purchasing an additional 3,303 shares in the last quarter. NewEdge Advisors LLC lifted its stake in 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 during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Republic Services by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after purchasing an additional 688 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of Republic Services by 68.4% during the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after buying an additional 4,729 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 0.9%

Shares of NYSE RSG opened at $217.17 on Wednesday. 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 company has a 50-day moving average price of $214.36 and a 200-day moving average price of $214.94. The stock has a market capitalization of $66.50 billion, a P/E ratio of 30.76, a P/E/G 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.

Republic Services (NYSE:RSG) last posted its 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 company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts forecast that Republic Services, Inc. will post 7.27 EPS 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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is presently 35.41%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RSG shares. Barclays raised their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Citigroup raised their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Royal Bank Of Canada upped their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, UBS Group increased their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Eleven 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.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Insider Activity at Republic Services

In other news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the acquisition, the insider directly owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 1,220,674 shares of company stock valued at $263,117,588. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Company 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.