Quantitative Investment Management LLC Makes New Investment in Republic Services, Inc. $RSG

Quantitative Investment Management LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,928 shares of the business services provider’s stock, valued at approximately $623,000.

Other hedge funds have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in shares of Republic Services in the third quarter worth about $26,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services during the 2nd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Republic Services in the 2nd quarter worth approximately $27,000. Compass Financial Management LLC acquired a new position in Republic Services during the second quarter valued at approximately $27,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Republic Services in the fourth quarter valued at approximately $30,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RSG. 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. UBS Group boosted their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on Republic Services in a research note on Friday, August 7th. Finally, Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Republic Services Price Performance

NYSE:RSG opened at $223.27 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a one year low of $196.41 and a one year high of $235.18. The company has a fifty day moving average price of $217.04 and a 200 day moving average price of $215.10. The stock has a market cap of $68.37 billion, a P/E ratio of 31.62, a PEG ratio of 3.66 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business’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. Analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.67 dividend. 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. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services’s payout ratio is currently 35.41%.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 301,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $221.94 per share, with a total value of $66,803,940.00. Following the acquisition, the insider owned 114,487,527 shares of the company’s stock, valued at $25,409,361,742.38. This trade represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders purchased 3,683,545 shares of company stock valued at $807,614,912. 0.12% of the stock is currently owned by company insiders.

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.