Wallace Capital Management Inc. Purchases New Shares in Republic Services, Inc. $RSG

Wallace Capital Management Inc. acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 77,246 shares of the business services provider’s stock, valued at approximately $16,460,000. Republic Services makes up about 1.8% of Wallace Capital Management Inc.’s holdings, making the stock its 16th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Watch Advisors INC bought a new stake in Republic Services in the 3rd quarter valued at about $26,000. Bell Investment Advisors Inc bought a new position in shares of Republic Services during the second quarter worth approximately $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services in the second quarter valued at approximately $27,000. Finally, Compass Financial Management LLC acquired a new stake in Republic Services during the second quarter worth approximately $27,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group lifted their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Barclays upped 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 report on Friday, August 7th. Citigroup raised their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Trading Up 0.5%

Shares of Republic Services stock opened at $221.96 on Thursday. The firm’s 50 day moving average is $215.79 and its 200 day moving average is $215.15. The firm has a market capitalization of $67.97 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.18. 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 (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 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 during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 269,477 shares of Republic Services stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $221.88 per share, for a total transaction of $59,791,556.76. Following the transaction, the insider directly owned 113,375,027 shares of the company’s stock, valued at approximately $25,155,650,990.76. The trade was a 0.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders acquired 2,571,045 shares of company stock worth $561,731,613. Company 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.