32,757 Shares in Republic Services, Inc. $RSG Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 32,757 shares of the business services provider’s stock, valued at approximately $7,032,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RSG. Brighton Jones LLC raised its stake in Republic Services by 75.8% during the 4th 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 last quarter. Federated Hermes Inc. grew its stake in shares of Republic Services by 23.2% in the 2nd 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 increased its holdings in shares of Republic Services by 3.6% in the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after purchasing an additional 1,044 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Republic Services by 0.7% during the second 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 purchasing an additional 688 shares during the last quarter. Finally, Ieq Capital LLC lifted its holdings in shares of Republic Services by 68.4% during the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after purchasing an additional 4,729 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Price Performance

RSG stock opened at $222.24 on Friday. The firm has a 50 day moving average of $216.42 and a 200-day moving average of $215.19. The company has a market cap of $68.05 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 3.68 and a beta of 0.40. 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, Inc. has a 12-month low of $196.41 and a 12-month high of $235.18.

Republic Services (NYSE:RSG) last released its quarterly 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. 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 for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is currently 35.41%.

Analysts Set New Price Targets

RSG has been the topic of several analyst reports. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Morgan Stanley set a $232.00 target price on Republic Services in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Barclays lifted their price target on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Republic Services News Summary

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was acquired 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 $25,212,358,150.50. This represents a 0.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 3,131,145 shares of company stock valued at $685,244,030 in the last three months. 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.