Gables Capital Management Inc. Purchases Shares of 11,035 Republic Services, Inc. $RSG

Gables Capital Management Inc. purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, Holdings Channel.com reports. The firm purchased 11,035 shares of the business services provider’s stock, valued at approximately $2,351,000.

Other institutional investors also recently modified their holdings of the company. Oxbow Advisors LLC acquired a new position in shares of Republic Services during the 2nd quarter valued at $403,000. Wealthfront Advisers LLC bought a new stake in Republic Services in the second quarter valued at $18,564,000. Foster & Motley Inc. bought a new position in shares of Republic Services during the 2nd quarter worth about $256,000. First National Bank of Omaha acquired a new stake in shares of Republic Services in the 2nd quarter valued at about $389,000. Finally, Meeder Advisory Services Inc. bought a new stake in Republic Services in the 2nd quarter valued at about $1,409,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 206,800 shares of the stock in a transaction on Monday, August 17th. The shares were acquired at an average price of $214.92 per share, with a total value of $44,445,456.00. Following the completion of the transaction, the insider owned 112,024,656 shares in the company, valued at approximately $24,076,339,067.52. The trade was a 0.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have purchased 1,220,674 shares of company stock valued at $263,117,588 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Stock Performance

Shares of RSG opened at $217.17 on Wednesday. The stock has a 50 day moving average of $214.36 and a 200 day moving average of $214.94. The company has a market capitalization of $66.50 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month 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.

Republic Services (NYSE:RSG) last posted its quarterly earnings data 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. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. The business’s revenue 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, sell-side analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Friday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.

Analysts Set New Price Targets

Several brokerages have issued reports on RSG. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Barclays lifted their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Finally, Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.