Commerce Bank Invests $16.40 Million in Republic Services, Inc. $RSG

Commerce Bank acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 76,987 shares of the business services provider’s stock, valued at approximately $16,404,000.

Other large investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in Republic Services in the fourth quarter worth $25,000. Bell Investment Advisors Inc bought a new position in shares of Republic Services during the second quarter valued at about $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services in the third quarter worth about $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services in the 2nd quarter valued at about $27,000. Finally, Prosperity Bancshares Inc purchased a new stake in Republic Services during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.4%

NYSE RSG opened at $220.45 on Friday. The stock has a market cap of $67.50 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 3.61 and a beta of 0.40. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $237.06. The stock has a 50 day simple moving average of $214.96 and a two-hundred day simple moving average of $215.05. 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 posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s payout ratio is presently 35.41%.

Insider Activity

In related news, Director Sandra M. Volpe sold 1,800 shares of the 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. acquired 178,844 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of $222.51 per share, for a total transaction of $39,794,578.44. Following the completion of the transaction, the insider owned 112,403,625 shares in the company, valued at approximately $25,010,930,598.75. This represents a 0.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 1,599,643 shares of company stock valued at $346,519,404. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of several recent research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Citigroup raised their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. UBS Group lifted their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Barclays increased 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. Finally, Morgan Stanley set a $232.00 price target on shares of Republic Services in a report on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

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.