Ieq Capital LLC Takes $2.08 Million Position in Republic Services, Inc. $RSG

Ieq Capital LLC purchased a new position in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,754 shares of the business services provider’s stock, valued at approximately $2,078,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RSG. CBIZ Investment Advisory Services LLC raised its holdings in shares of Republic Services by 11.3% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 45 shares in the last quarter. Focus Financial Network Inc. grew its holdings in shares of Republic Services by 2.5% during the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after purchasing an additional 46 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Republic Services by 0.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after purchasing an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. raised its stake in Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after purchasing an additional 49 shares in the last quarter. Finally, AlphaCentric Advisors LLC lifted its position in Republic Services by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 50 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Price Performance

RSG stock opened at $221.22 on Wednesday. The firm has a market cap of $67.74 billion, a P/E ratio of 31.33, a P/E/G ratio of 3.70 and a beta of 0.40. The firm’s fifty day moving average is $215.50 and its 200 day moving average is $215.13. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18. 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 posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the business 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 predict that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business 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. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the purchase, the insider directly 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 1,999,929 shares of company stock worth $434,701,707. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on RSG. UBS Group increased their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Barclays raised their price target on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Citigroup upped their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Argus cut Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

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.