493,472 Shares in Republic Services, Inc. $RSG Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 493,472 shares of the business services provider’s stock, valued at approximately $105,149,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc bought a new position in shares of Republic Services during the second quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new stake in Republic Services in the third quarter worth $26,000. Prosperity Bancshares Inc bought a new stake in Republic Services in the fourth quarter valued at $30,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Republic Services during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the purchase, the insider owned 111,065,646 shares of the company’s stock, valued at approximately $23,866,896,668.94. This trade represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction that occurred 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 transaction, the director owned 58 shares of the company’s stock, 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. Insiders have acquired 1,220,674 shares of company stock valued at $263,117,588 in the last ninety days. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. UBS Group lifted their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Barclays increased their price target 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. Royal Bank Of Canada raised their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Stock Performance

Shares of Republic Services stock opened at $217.17 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $66.50 billion, a P/E ratio of 30.76, a P/E/G ratio of 3.51 and a beta of 0.40. The business has a fifty day simple moving average of $214.36 and a two-hundred day simple moving average of $214.94. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $238.62.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The firm 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 company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently disclosed 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 represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio is currently 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.