Lombard Odier Asset Management Europe Ltd Invests $19.90 Million in Republic Services, Inc. $RSG

Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 93,410 shares of the business services provider’s stock, valued at approximately $19,904,000.

Other institutional investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC raised its stake in shares of Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 45 shares during the period. Focus Financial Network Inc. boosted its stake in shares of Republic Services by 2.5% during the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after purchasing an additional 46 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Republic Services by 0.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after purchasing an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. raised its position in Republic Services by 2.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after purchasing an additional 49 shares during the period. Finally, AlphaCentric Advisors LLC lifted its stake in Republic Services by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services News Summary

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Citigroup increased their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Barclays lifted their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 301,639 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of $222.91 per share, with a total value of $67,238,349.49. Following the acquisition, the insider directly owned 113,105,550 shares in the company, valued at $25,212,358,150.50. This trade represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 3,131,145 shares of company stock worth $685,244,030. 0.12% of the stock is owned by insiders.

Republic Services Price Performance

Shares of RSG opened at $222.24 on Friday. 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’s fifty day moving average price is $216.42 and its 200-day moving average price is $215.19. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $235.18. The firm has a market capitalization of $68.05 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.63 and a beta of 0.40.

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 analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion during 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts predict 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. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is 35.41%.

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.