Handelsbanken Fonder AB Reduces Position in Republic Services, Inc. $RSG

Handelsbanken Fonder AB trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 2.2% during the second quarter, HoldingsChannel reports. The firm owned 120,882 shares of the business services provider’s stock after selling 2,687 shares during the period. Handelsbanken Fonder AB’s holdings in Republic Services were worth $25,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RSG. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new position in Republic Services during the third quarter worth $26,000. Prosperity Bancshares Inc purchased a new stake in Republic Services in the 4th quarter valued at $30,000. Hilton Head Capital Partners LLC purchased a new stake in Republic Services in the 4th quarter valued at $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Republic Services by 47.3% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after acquiring an additional 52 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RSG has been the topic of several recent research reports. UBS Group boosted their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank Of Canada lifted their target price 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. Barclays boosted their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Robert W. Baird dropped their price target on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Finally, Morgan Stanley set a $232.00 price target on shares of Republic Services in a research report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Stock Performance

NYSE RSG opened at $214.13 on Thursday. The stock has a fifty day simple moving average of $213.78 and a 200-day simple moving average of $215.00. The company has a current ratio of 0.64, a quick ratio of 0.67 and a debt-to-equity ratio of 1.12. The stock has a market cap of $65.57 billion, a PE ratio of 30.33, a P/E/G ratio of 3.51 and a beta of 0.40. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $238.62.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. Republic Services’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities analysts anticipate that Republic Services, Inc. will post 7.29 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 issued a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.3%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.

Insider Buying and Selling

In related news, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the transaction, the director owned 58 shares of the company’s stock, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the business’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the transaction, the insider owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 682,159 shares of company stock valued at $146,122,463 in the last ninety days. 0.12% of the stock is currently owned by corporate 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.