Empowered Funds LLC Acquires Shares of 16,456 Republic Services, Inc. $RSG

Empowered Funds 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 16,456 shares of the business services provider’s stock, valued at approximately $3,506,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC increased its stake in Republic Services by 11.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after acquiring an additional 45 shares during the period. Focus Financial Network Inc. grew its holdings in shares of Republic Services by 2.5% during the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after purchasing an additional 46 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Republic Services by 0.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after purchasing an additional 48 shares during the period. Williams Jones Wealth Management LLC. increased its position in shares of Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after purchasing an additional 49 shares during the period. Finally, AlphaCentric Advisors LLC raised its stake in Republic Services by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 50 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 301,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $221.94 per share, with a total value of $66,803,940.00. Following the completion of the purchase, the insider owned 114,487,527 shares in the company, valued at $25,409,361,742.38. This represents a 0.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 3,683,545 shares of company stock worth $807,614,912 over the last quarter. Insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

Republic Services stock opened at $223.27 on Wednesday. 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 stock has a market cap of $68.37 billion, a PE ratio of 31.62, a P/E/G ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $235.18. The business’s 50-day moving average price is $217.04 and its two-hundred day moving average price is $215.10.

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

Republic Services Increases Dividend

The business 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 is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RSG shares. Barclays increased 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 note on Friday, August 7th. Citigroup upped their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. UBS Group increased their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Finally, Argus cut Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus target price 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.