Republic Services, Inc. $RSG Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG lowered its position in Republic Services, Inc. (NYSE:RSG) by 40.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,805 shares of the business services provider’s stock after selling 2,539 shares during the quarter. Raiffeisen Bank International AG’s holdings in Republic Services were worth $817,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RSG shares. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Barclays boosted their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a report on Friday, August 7th. Finally, UBS Group lifted their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Twelve 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 stock has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 329,200 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average cost of $223.27 per share, with a total value of $73,500,484.00. Following the completion of the acquisition, the insider owned 115,021,527 shares of the company’s stock, valued at approximately $25,680,856,333.29. This trade represents a 0.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 4,217,545 shares of company stock valued at $926,720,260 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Republic Services Stock Down 1.1%

Republic Services stock opened at $222.58 on Friday. The firm has a market capitalization of $68.16 billion, a P/E ratio of 31.53, a P/E/G ratio of 3.69 and a beta of 0.40. The company has a 50-day simple moving average of $217.58 and a 200-day simple moving average of $215.19. Republic Services, Inc. has a one year low of $196.41 and a one year high of $233.77. 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 analysts’ consensus estimates 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 was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a $0.67 dividend. 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. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 37.96%.

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.