OMERS ADMINISTRATION Corp Takes $2.42 Million Position in Republic Services, Inc. $RSG

OMERS ADMINISTRATION Corp purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 11,381 shares of the business services provider’s stock, valued at approximately $2,425,000.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after purchasing an additional 3,303 shares in the last quarter. NewEdge Advisors LLC raised its stake in Republic Services by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after purchasing an additional 1,044 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Republic Services by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after purchasing an additional 688 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in Republic Services by 68.4% during the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after purchasing an additional 4,729 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

Republic Services stock opened at $221.22 on Wednesday. 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 company has a 50-day moving average price of $215.50 and a 200 day moving average price of $215.13. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $235.18. The stock has a market cap of $67.74 billion, a P/E ratio of 31.33, a PEG ratio of 3.70 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a 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 payout ratio is 35.41%.

Analyst Ratings Changes

A number of brokerages have recently commented on RSG. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research report on Friday, August 7th. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Barclays upped 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. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 191,361 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of $220.34 per share, with a total value of $42,164,482.74. Following the purchase, the insider directly owned 112,803,911 shares in the company, valued at approximately $24,855,213,749.74. This trade represents a 0.17% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 1,999,929 shares of company stock valued at $434,701,707 in the last quarter. 0.12% of the stock is 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.