Dearborn Partners LLC Makes New $34.21 Million Investment in Republic Services, Inc. $RSG

Dearborn Partners LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 156,191 shares of the business services provider’s stock, valued at approximately $34,209,000. Republic Services accounts for about 1.8% of Dearborn Partners LLC’s investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Flavin Financial Services Inc. bought a new stake in shares of Republic Services during the 2nd quarter valued at $1,865,000. Cibc World Market Inc. acquired a new position in Republic Services in the second quarter valued at about $1,918,000. Castlefield Investment Partners LLP bought a new stake in Republic Services during the second quarter worth about $513,000. OMERS ADMINISTRATION Corp acquired a new stake in Republic Services during the second quarter worth about $2,425,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Republic Services in the 2nd quarter valued at approximately $13,146,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. purchased 191,361 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average cost of $220.34 per share, with a total value of $42,164,482.74. Following the purchase, the insider owned 112,803,911 shares in the company, valued at $24,855,213,749.74. This represents a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders bought 1,999,929 shares of company stock valued at $434,701,707. Insiders own 0.12% of the company’s stock.

Republic Services Trading Up 1.1%

RSG opened at $223.04 on Tuesday. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.98. 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 company has a fifty day moving average of $215.27 and a 200-day moving average of $215.11. The stock has a market cap of $68.30 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion during 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 for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 EPS. 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%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RSG shares. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Royal Bank Of Canada raised 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. Finally, Citigroup boosted their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

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.