105,458 Shares in Republic Services, Inc. $RSG Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 105,458 shares of the business services provider’s stock, valued at approximately $22,471,000.

A number of other institutional investors have also recently added to or reduced their stakes in RSG. Brighton Jones LLC boosted its holdings in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the period. Federated Hermes Inc. boosted its position 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 worth $4,329,000 after buying an additional 3,303 shares during the period. NewEdge Advisors LLC grew its holdings in 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 buying an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina increased its position in 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 valued at $23,336,000 after acquiring an additional 688 shares during the period. Finally, Ieq Capital LLC raised its stake 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 acquiring an additional 4,729 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research report on Friday, August 7th. Finally, UBS Group boosted their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 301,639 shares of the stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $222.91 per share, with a total value of $67,238,349.49. Following the purchase, the insider directly owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. This trade represents a 0.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have bought 2,571,045 shares of company stock worth $561,731,613. Company insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE RSG opened at $219.05 on Friday. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.18. The firm has a market cap of $67.08 billion, a P/E ratio of 31.03, a PEG ratio of 3.68 and a beta of 0.40. The stock has a fifty day moving average price of $216.07 and a two-hundred day moving average price of $215.15. 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 announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The company’s 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 forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm 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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. 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. Republic Services’s dividend payout ratio is currently 37.96%.

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.