Tocqueville Asset Management L.P. Acquires New Holdings in Republic Services, Inc. $RSG

Tocqueville Asset Management L.P. bought a new position in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 360,473 shares of the business services provider’s stock, valued at approximately $76,810,000. Republic Services comprises about 1.0% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in RSG. Bridgewater Advisors Inc. bought a new position in Republic Services in the 2nd quarter valued at about $535,000. iA Global Asset Management Inc. lifted its stake in shares of Republic Services by 18.5% in the 4th quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after acquiring an additional 10,000 shares during the period. Norges Bank bought a new position in shares of Republic Services in the fourth quarter valued at approximately $617,165,000. Varma Mutual Pension Insurance Co increased its stake in shares of Republic Services by 25.6% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after acquiring an additional 13,700 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Republic Services by 14.0% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 207,272 shares of the business services provider’s stock worth $43,927,000 after purchasing an additional 25,505 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of the firm’s 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 sale, the director directly owned 58 shares in the company, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 206,800 shares of the company’s stock in a transaction on Monday, August 17th. The stock was bought at an average price of $214.92 per share, for a total transaction of $44,445,456.00. Following the purchase, the insider owned 112,024,656 shares in the company, valued at approximately $24,076,339,067.52. This trade represents a 0.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 1,220,674 shares of company stock valued at $263,117,588 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

Shares of RSG opened at $220.85 on Thursday. The company has a 50-day moving average of $214.52 and a two-hundred day moving average of $214.98. The stock has a market cap of $67.63 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 3.55 and a beta of 0.40. 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 one year low of $196.41 and a one year high of $238.62.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. 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%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RSG. UBS Group lifted their price target on 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 lifted their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Barclays lifted their price objective on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $232.00 target price on shares of Republic Services in a research note on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned 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 Company 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.