Silvant Capital Management LLC Buys New Position in Republic Services, Inc. $RSG

Silvant Capital Management LLC bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,159 shares of the business services provider’s stock, valued at approximately $4,082,000.

A number of other institutional investors have also recently made changes to their positions in RSG. Bridgewater Advisors Inc. purchased a new position in shares of Republic Services during the 2nd quarter valued at about $535,000. iA Global Asset Management Inc. boosted its stake in Republic Services by 18.5% in the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after buying an additional 10,000 shares in the last quarter. Norges Bank bought a new position in Republic Services during the fourth quarter valued at approximately $617,165,000. Varma Mutual Pension Insurance Co raised its stake 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 acquiring an additional 13,700 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in shares of Republic Services by 14.0% in the 4th 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 worth $43,927,000 after acquiring an additional 25,505 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Republic Services stock opened at $219.58 on Friday. 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 cap of $67.24 billion, a P/E ratio of 31.10, a P/E/G ratio of 3.62 and a beta of 0.40. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $237.06. The firm has a 50-day moving average of $214.75 and a 200-day moving average of $215.01.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the business earned $1.77 EPS. Republic Services’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. Sell-side analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio is currently 35.41%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RSG shares. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Barclays boosted 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. Citigroup upped their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Insiders Place Their Bets

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director directly owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 178,844 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was bought at an average cost of $222.51 per share, with a total value of $39,794,578.44. Following the completion of the transaction, the insider owned 112,403,625 shares in the company, valued at approximately $25,010,930,598.75. This trade represents a 0.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 1,599,643 shares of company stock valued at $346,519,404 in the last ninety days. 0.12% of the stock is currently owned by insiders.

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.