Republic Services, Inc. $RSG Stock Holdings Raised by Groupe la Francaise

Groupe la Francaise increased its position in Republic Services, Inc. (NYSE:RSG) by 17.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,736 shares of the business services provider’s stock after purchasing an additional 10,853 shares during the period. Groupe la Francaise’s holdings in Republic Services were worth $15,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Korea Investment CORP bought a new position in shares of Republic Services in the 2nd quarter worth about $20,602,000. Bridgewater Advisors Inc. acquired a new stake in Republic Services during the second quarter worth about $535,000. Equitable Holdings Inc. bought a new position in Republic Services in the second quarter worth about $1,381,000. iA Global Asset Management Inc. boosted its stake in Republic Services by 18.5% in the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock valued at $13,606,000 after acquiring an additional 10,000 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Republic Services during the second quarter valued at approximately $16,335,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of NYSE:RSG opened at $222.58 on Monday. The stock’s 50 day moving average price is $217.58 and its 200 day moving average price is $215.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $68.16 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 3.69 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.77.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping 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 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 previous year, the business earned $1.77 EPS. The company’s quarterly revenue 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. Equities research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley set a $232.00 price target on Republic Services in a report on Friday, August 7th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Citigroup upped their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Barclays increased their price objective on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, UBS Group increased their price target on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $245.26.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 329,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average cost of $223.27 per share, for a total transaction of $73,500,484.00. Following the acquisition, the insider directly owned 115,021,527 shares of the company’s stock, valued at $25,680,856,333.29. This trade represents a 0.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 4,217,545 shares of company stock valued at $926,720,260. Insiders own 0.12% of the company’s stock.

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.