Republic Services, Inc. $RSG Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 90.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,224 shares of the business services provider’s stock after selling 21,229 shares during the quarter. Lazard Asset Management LLC’s holdings in Republic Services were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp raised its position in Republic Services by 1.7% in the fourth quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after acquiring an additional 166,474 shares in the last quarter. Capital World Investors boosted its position in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after purchasing an additional 1,899,183 shares in the last quarter. Morgan Stanley grew its stake in shares of Republic Services by 38.6% during the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after purchasing an additional 1,490,719 shares during the period. Wellington Management Group LLP grew its stake in shares of Republic Services by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock worth $1,074,513,000 after purchasing an additional 807,525 shares during the period. Finally, Norges Bank purchased a new position in shares of Republic Services in the 4th quarter valued at about $617,165,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. bought 366,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $202.24 per share, with a total value of $74,019,840.00. Following the purchase, the insider owned 110,315,982 shares of the company’s stock, valued at $22,310,304,199.68. This trade represents a 0.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director directly owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders purchased a total of 987,150 shares of company stock valued at $202,366,682 in the last three months. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on RSG shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Royal Bank Of Canada increased their target price 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. 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. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.89.

Trending Headlines about Republic Services

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

• Positive Sentiment: Quarterly earnings and revenue exceeded estimates. Republic Services reported adjusted EPS of $1.85, compared with the $1.81 consensus estimate, while revenue rose 4.6% year over year to $4.43 billion, above the $4.36 billion forecast. EPS also increased from $1.77 in the prior-year quarter. Republic Services Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its 2026 financial guidance. The company now expects full-year revenue of approximately $17.2 billion to $17.3 billion and adjusted EPS of $7.23 to $7.28, reflecting increased expectations versus its prior outlook. Republic Services Raises 2026 Guidance and Dividend Payout
• Positive Sentiment: Capital returns and cash generation were supportive. Republic Services increased its quarterly dividend by approximately 7% and reported $2.38 billion in year-to-date operating cash flow and $1.58 billion in adjusted free cash flow. The company also invested about $860 million in acquisitions during the first half of 2026, potentially strengthening future growth. Republic Services Reports Second Quarter 2026 Results
• Neutral Sentiment: Net income increased to $566 million, or $1.84 per diluted share, from $550 million, or $1.75 per share, a year earlier. The results indicate steady profitability, with a reported net margin of 13.0% and return on equity of 18.57%. Republic Services Q2 Earnings Snapshot
• Negative Sentiment: The new full-year adjusted EPS range of $7.23 to $7.28 is fractionally below the $7.29 analyst consensus, which could limit further upside if investors view the guidance increase as less aggressive than expected. Revenue guidance is broadly in line with estimates. Republic Services Q2 Earnings Compared With Estimates

Republic Services Stock Performance

NYSE:RSG opened at $209.35 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $64.41 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 3.46 and a beta of 0.40. The firm has a 50-day moving average price of $212.75 and a two-hundred day moving average price of $214.95. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $238.62.

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 the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. 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 prior year, the firm earned $1.77 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Republic Services, Inc. will post 7.29 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, October 2nd. This is an increase 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 1.3%. Republic Services’s dividend payout ratio is 35.87%.

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.