Triton Financial Group Inc Purchases Shares of 8,202 Republic Services, Inc. $RSG

Triton Financial Group Inc bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 8,202 shares of the business services provider’s stock, valued at approximately $1,748,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares in the last quarter. Federated Hermes Inc. increased its position in Republic Services by 23.2% in the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after buying an additional 3,303 shares in the last quarter. NewEdge Advisors LLC raised its stake in Republic Services by 3.6% during the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after buying an additional 1,044 shares during the period. Treasurer of the State of North Carolina raised its stake in Republic Services by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock worth $23,336,000 after buying an additional 688 shares during the period. Finally, Ieq Capital LLC boosted its holdings in Republic Services by 68.4% in the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after acquiring an additional 4,729 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 301,639 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $222.91 per share, for a total transaction of $67,238,349.49. Following the completion of the transaction, the insider owned 113,105,550 shares of the company’s stock, valued at $25,212,358,150.50. The trade was a 0.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 2,571,045 shares of company stock valued at $561,731,613 in the last three months. 0.12% of the stock is currently owned by company insiders.

Republic Services Stock Down 1.4%

Shares of NYSE RSG opened at $219.05 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $67.08 billion, a PE ratio of 31.03, a P/E/G ratio of 3.68 and a beta of 0.40. Republic Services, Inc. has a one year low of $196.41 and a one year high of $235.18. The business’s fifty day moving average price is $216.07 and its 200-day moving average price is $215.15.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (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 company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The company’s quarterly 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. On average, 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 declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 37.96%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RSG shares. UBS Group lifted their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Barclays raised 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. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Citigroup upped their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.