Flputnam Investment Management Co. Trims Position in Republic Services, Inc. $RSG

Flputnam Investment Management Co. trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,156 shares of the business services provider’s stock after selling 31,676 shares during the period. Flputnam Investment Management Co.’s holdings in Republic Services were worth $34,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

Several analysts recently weighed in on RSG shares. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Barclays increased their price objective on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Citigroup increased their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, UBS Group lifted their price target on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. purchased 284,600 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were acquired at an average price of $219.52 per share, for a total transaction of $62,475,392.00. Following the purchase, the insider owned 113,935,127 shares in the company, valued at $25,011,039,079.04. This trade represents a 0.25% 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. Over the last ninety days, insiders bought 3,131,145 shares of company stock worth $685,244,030. Insiders own 0.12% of the company’s stock.

More Republic Services News

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

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

Republic Services Stock Up 1.4%

Republic Services stock opened at $222.24 on Friday. The business has a fifty day moving average price of $216.42 and a 200-day moving average price of $215.19. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $235.18. The stock has a market capitalization of $68.05 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion for 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 company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 earnings per share. 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 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s payout ratio is currently 35.41%.

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.