Hsbc Holdings PLC Purchases Shares of 436,976 Republic Services, Inc. $RSG

Hsbc Holdings PLC acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 436,976 shares of the business services provider’s stock, valued at approximately $93,210,000. Hsbc Holdings PLC owned approximately 0.14% of Republic Services as of its most recent SEC filing.

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

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 301,639 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of $222.91 per share, for a total transaction of $67,238,349.49. Following the completion of the transaction, the insider directly owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. This trade represents a 0.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 2,571,045 shares of company stock worth $561,731,613 in the last three months. Insiders own 0.12% of the company’s stock.

Republic Services Trading Up 0.5%

Shares of NYSE:RSG opened at $221.96 on Thursday. 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, Inc. has a 52-week low of $196.41 and a 52-week high of $235.18. The stock has a market cap of $67.97 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 3.66 and a beta of 0.40. The business has a 50-day moving average price of $215.79 and a 200-day moving average price of $215.15.

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

Republic Services Increases Dividend

The firm 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. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is a boost 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 35.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. UBS Group increased their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada boosted their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Morgan Stanley set a $232.00 price target on shares of Republic Services in a report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

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.