Portfolio Design Labs LLC Makes New $1.16 Million Investment in Republic Services, Inc. $RSG

Portfolio Design Labs LLC bought a new stake in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 5,451 shares of the business services provider’s stock, valued at approximately $1,162,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. purchased a new position in Republic Services during the 2nd quarter worth approximately $535,000. iA Global Asset Management Inc. boosted its holdings in shares of 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 valued at $13,606,000 after acquiring an additional 10,000 shares during the last quarter. Norges Bank acquired a new stake in shares of Republic Services in the fourth quarter worth $617,165,000. Varma Mutual Pension Insurance Co raised its holdings 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 worth $14,237,000 after purchasing an additional 13,700 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Republic Services by 14.0% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 207,272 shares of the business services provider’s stock valued at $43,927,000 after purchasing an additional 25,505 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the transaction, the director owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the purchase, the insider directly owned 111,065,646 shares of the company’s stock, valued at approximately $23,866,896,668.94. The trade was a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 1,599,643 shares of company stock worth $346,519,404 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Republic Services Trading Down 0.7%

Shares of NYSE:RSG opened at $219.58 on Friday. The business’s 50 day moving average price is $214.75 and its 200-day moving average price is $215.01. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $237.06. The firm has a market capitalization of $67.24 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 3.62 and a beta of 0.40. 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 (NYSE:RSG) last posted its quarterly earnings data 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 company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts forecast 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 given a dividend of $0.67 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 35.41%.

Wall Street Analyst Weigh In

Several research firms have commented on RSG. Barclays upped their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup boosted their price objective on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Finally, UBS Group boosted their price target on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Eleven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. 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 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.