NewEdge Wealth LLC Takes Position in Republic Services, Inc. $RSG

NewEdge Wealth LLC acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,922 shares of the business services provider’s stock, valued at approximately $3,819,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new position in Republic Services in the 2nd quarter valued at about $554,000. Danske Bank A S acquired a new stake in shares of Republic Services during the 2nd quarter worth approximately $34,435,000. Diversify Advisory Services LLC purchased a new stake in shares of Republic Services during the 2nd quarter valued at approximately $369,000. Gables Capital Management Inc. acquired a new position in Republic Services in the second quarter valued at approximately $2,351,000. Finally, Oxbow Advisors LLC purchased a new position in Republic Services in the second quarter worth approximately $403,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on RSG shares. Royal Bank Of Canada lifted their target price on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Finally, Barclays lifted their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Insider Activity at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale 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 that occurred on Monday, August 10th. The shares were acquired at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the purchase, the insider owned 111,065,646 shares in the company, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 1,599,643 shares of company stock valued at $346,519,404. Insiders own 0.12% of the company’s stock.

Republic Services Trading Down 0.7%

RSG opened at $219.58 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market cap of $67.24 billion, a P/E ratio of 31.10, a P/E/G ratio of 3.62 and a beta of 0.40. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $237.06. The business has a fifty day simple moving average of $214.75 and a 200-day simple moving average of $215.01.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the company earned $1.77 EPS. Republic Services’s revenue 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, equities 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 declared 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. 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. Republic Services’s dividend 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.