Dearborn Partners LLC Acquires New Stake in Republic Services, Inc. $RSG

Dearborn Partners LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 156,191 shares of the business services provider’s stock, valued at approximately $34,209,000. Republic Services makes up approximately 1.8% of Dearborn Partners LLC’s investment portfolio, making the stock its 12th largest position. Dearborn Partners LLC owned about 0.05% of Republic Services at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in Republic Services in the 2nd quarter valued at approximately $3,798,092,000. State Street Corp lifted its position in shares of Republic Services by 1.7% in the fourth quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after purchasing an additional 166,474 shares in the last quarter. Capital World Investors grew its position in Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares in the last quarter. Morgan Stanley increased its stake in Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after buying an additional 1,490,719 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Republic Services by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock worth $1,074,513,000 after buying an additional 807,525 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Activity at Republic Services

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 shares were bought at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the transaction, 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 1,999,929 shares of company stock valued at $434,701,707 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Trading Up 1.1%

Shares of Republic Services stock opened at $223.04 on Tuesday. 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 business has a fifty day simple moving average of $215.27 and a two-hundred day simple moving average of $215.11. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.98. The company has a market capitalization of $68.30 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 3.66 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate 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 net margin of 12.94% and a return on equity of 18.69%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts forecast that Republic Services, Inc. will post 7.27 EPS 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 annualized dividend and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Analyst Ratings Changes

Several research firms recently issued reports on RSG. UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Barclays boosted their price objective on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.