Legal & General Group Plc Invests $245.51 Million in Republic Services, Inc. $RSG

Legal & General Group Plc purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,152,179 shares of the business services provider’s stock, valued at approximately $245,506,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services in the 4th quarter worth about $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services during the second quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new position in shares of Republic Services during the third quarter worth $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Republic Services during the second quarter worth $27,000. Finally, Compass Financial Management LLC acquired a new stake in Republic Services during the 2nd quarter valued at $27,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RSG. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a report on Friday, August 7th. Citigroup boosted their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. UBS Group raised 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. Finally, Royal Bank Of Canada upped their price target on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Republic Services Stock Up 0.5%

Shares of Republic Services stock opened at $221.96 on Thursday. The stock has a market capitalization of $67.97 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.18. 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 business’s 50 day simple moving average is $215.79 and its 200-day simple moving average is $215.15.

Republic Services (NYSE:RSG) last released its quarterly earnings data 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. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend 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 presently 35.41%.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 301,639 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $222.91 per share, with a total value of $67,238,349.49. Following the acquisition, the insider directly owned 113,105,550 shares in the company, valued at approximately $25,212,358,150.50. The trade was a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 2,571,045 shares of company stock worth $561,731,613 in the last three months. 0.12% of the stock is currently owned by corporate 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.