Roman Butler Fullerton & Co. Invests $936,000 in Republic Services, Inc. $RSG

Roman Butler Fullerton & Co. purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the second quarter, HoldingsChannel reports. The firm purchased 4,197 shares of the business services provider’s stock, valued at approximately $936,000.

A number of other institutional investors have also recently modified their holdings of RSG. Brighton Jones LLC raised its position in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Republic Services by 23.2% during the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after purchasing an additional 3,303 shares during the last quarter. NewEdge Advisors LLC increased its position 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 purchasing an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake 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 during the last quarter. Finally, Ieq Capital LLC boosted its position 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 in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Activity at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the acquisition, the insider owned 111,065,646 shares in the company, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction 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 directly owned 58 shares in the company, valued at $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders acquired 864,624 shares of company stock worth $186,474,430. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Royal Bank Of Canada upped their price objective on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a report on Friday, August 7th. UBS Group lifted their target price on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Republic Services Trading Up 0.0%

RSG opened at $214.75 on Monday. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $238.62. The company has a fifty day moving average of $214.01 and a 200-day moving average of $214.95. The stock has a market cap of $65.76 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40. 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 (NYSE:RSG) last released its earnings results 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. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the business 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. On average, sell-side analysts predict that Republic Services, Inc. will post 7.27 EPS 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 given a dividend of $0.67 per share. 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. 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.