6,665 Shares in Republic Services, Inc. $RSG Bought by Trivium Point Advisory LLC

Trivium Point Advisory LLC bought a new position in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,665 shares of the business services provider’s stock, valued at approximately $1,420,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgewater Advisors Inc. acquired a new position in Republic Services during the 2nd quarter valued at $535,000. iA Global Asset Management Inc. grew its position in Republic Services by 18.5% in the 4th quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after purchasing an additional 10,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Republic Services by 23.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,952 shares of the business services provider’s stock worth $6,984,000 after purchasing an additional 6,194 shares during the period. Norges Bank acquired a new position in shares of Republic Services during the fourth quarter valued at about $617,165,000. Finally, Varma Mutual Pension Insurance Co raised its position in shares of Republic Services by 25.6% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after buying an additional 13,700 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $214.75 on Monday. The firm has a market capitalization of $65.76 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $238.62. The firm has a 50-day moving average price of $214.01 and a 200 day moving average price of $214.95.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 represents a $2.68 annualized dividend and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s payout ratio is presently 35.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RSG shares. UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Citigroup boosted their price objective on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.26.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 188,460 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $215.81 per share, for a total transaction of $40,671,552.60. Following the completion of the purchase, the insider directly owned 111,668,606 shares of the company’s stock, valued at $24,099,201,860.86. The trade was a 0.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director directly owned 58 shares of the company’s stock, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired 864,624 shares of company stock worth $186,474,430 over the last quarter. Company insiders own 0.12% of the company’s stock.

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.