Man Group plc Purchases Shares of 208,662 Republic Services, Inc. $RSG

Man Group plc acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 208,662 shares of the business services provider’s stock, valued at approximately $44,462,000. Man Group plc owned 0.07% of Republic Services at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Jupiter Topco LLC acquired a new stake in Republic Services in the 2nd quarter worth about $5,081,000. J. Goldman & Co LP purchased a new position in Republic Services in the second quarter worth approximately $243,000. Hsbc Holdings PLC acquired a new position in Republic Services in the second quarter valued at about $93,210,000. EFG International AG acquired a new position in shares of Republic Services in the 2nd quarter worth approximately $1,074,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Republic Services in the second quarter valued at $8,421,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG stock opened at $221.96 on Thursday. The company has a market cap of $67.97 billion, a PE ratio of 31.44, a P/E/G ratio of 3.66 and a beta of 0.40. The company’s fifty day simple moving average is $215.79 and its 200-day simple moving average is $215.15. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18.

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

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s payout ratio is currently 35.41%.

Analyst Ratings Changes

Several equities analysts have commented on RSG shares. Morgan Stanley set a $232.00 price target on shares of Republic Services in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price target 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. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Finally, Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.26.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of the company’s stock in a transaction on Monday, August 24th. The shares were bought at an average price of $222.91 per share, with a total value of $67,238,349.49. Following the completion of the acquisition, the insider owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. This represents a 0.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 2,571,045 shares of company stock valued at $561,731,613 in the last quarter. Insiders own 0.12% of the company’s stock.

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.