Simplicity Wealth LLC Invests $923,000 in Republic Services, Inc. $RSG

Simplicity Wealth LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,333 shares of the business services provider’s stock, valued at approximately $923,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RSG. Bridgewater Advisors Inc. bought a new stake in shares of Republic Services during the second quarter worth about $535,000. iA Global Asset Management Inc. raised its holdings in Republic Services by 18.5% in the 4th quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock valued at $13,606,000 after buying an additional 10,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Republic Services by 23.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,952 shares of the business services provider’s stock worth $6,984,000 after acquiring an additional 6,194 shares during the last quarter. Norges Bank bought a new stake in Republic Services during the 4th quarter worth approximately $617,165,000. Finally, Varma Mutual Pension Insurance Co increased its position in Republic Services by 25.6% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after acquiring an additional 13,700 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $214.75 on Monday. The company’s 50 day moving average is $214.01 and its 200-day moving average is $214.95. The firm has a market cap of $65.76 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $238.62. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last issued its 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 net margin of 12.94% and a return on equity of 18.69%. 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 previous year, the firm posted $1.77 EPS. The business’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. Sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is 35.41%.

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 that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. purchased 188,460 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $215.81 per share, for a total transaction of $40,671,552.60. Following the completion of the purchase, the insider directly owned 111,668,606 shares of the company’s stock, valued at approximately $24,099,201,860.86. This represents a 0.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 864,624 shares of company stock valued at $186,474,430 over the last ninety days. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RSG shares. Citigroup lifted their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Barclays raised their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Finally, Royal Bank Of Canada lifted their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.