Phillips Wealth Planners LLC Makes New $563,000 Investment in Republic Services, Inc. $RSG

Phillips Wealth Planners LLC bought a new stake in Republic Services, Inc. (NYSE:RSG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,529 shares of the business services provider’s stock, valued at approximately $563,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 8,547 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after purchasing an additional 3,303 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Republic Services by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after purchasing an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Republic Services by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock worth $23,336,000 after buying an additional 688 shares during the last quarter. Finally, Ieq Capital LLC increased its position in Republic Services by 68.4% during the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock valued at $2,871,000 after buying an additional 4,729 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

RSG opened at $215.28 on Tuesday. The company’s 50 day moving average is $214.22 and its 200 day moving average is $214.94. The company has a market cap of $65.92 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $238.62. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate 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 return on equity of 18.69% and a net margin of 12.94%.Republic Services’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business 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 declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is presently 35.41%.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of Republic Services stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the purchase, the insider directly owned 111,065,646 shares in the company, valued at approximately $23,866,896,668.94. This trade represents a 0.24% 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 the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 864,624 shares of company stock valued at $186,474,430. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on RSG shares. Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Citigroup lifted their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Republic Services 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.