Tocqueville Asset Management L.P. Makes New $76.81 Million Investment in Republic Services, Inc. $RSG

Tocqueville Asset Management L.P. bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 360,473 shares of the business services provider’s stock, valued at approximately $76,810,000. Republic Services makes up about 1.0% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 23rd largest position. Tocqueville Asset Management L.P. owned approximately 0.12% of Republic Services at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. West Family Investments Inc. acquired a new stake in shares of Republic Services in the second quarter valued at about $475,000. NewEdge Wealth LLC acquired a new position in Republic Services during the second quarter worth about $3,819,000. Comprehensive Financial Planning Inc. PA purchased a new position in Republic Services in the second quarter valued at about $554,000. Danske Bank A S acquired a new stake in shares of Republic Services during the 2nd quarter valued at approximately $34,435,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Republic Services during the 2nd quarter worth approximately $369,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

RSG opened at $220.85 on Thursday. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $238.62. The company’s 50 day simple moving average is $214.52 and its 200 day simple moving average is $214.98. The stock has a market capitalization of $67.63 billion, a PE ratio of 31.28, a P/E/G ratio of 3.55 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS 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 analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. Republic Services’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, sell-side analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is 35.41%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RSG. Citigroup raised their price objective on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. UBS Group raised their price target on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Barclays raised their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the purchase, the insider 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction dated 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 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. Over the last three months, insiders have bought 1,220,674 shares of company stock worth $263,117,588. Corporate insiders own 0.12% of the company’s stock.

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.