Republic Services, Inc. $RSG Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG decreased its position in Republic Services, Inc. (NYSE:RSG) by 40.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,805 shares of the business services provider’s stock after selling 2,539 shares during the period. Raiffeisen Bank International AG’s holdings in Republic Services were worth $817,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Korea Investment CORP purchased a new stake in Republic Services during the second quarter valued at about $20,602,000. Bridgewater Advisors Inc. purchased a new position in Republic Services in the second quarter valued at about $535,000. Equitable Holdings Inc. purchased a new stake in shares of Republic Services during the 2nd quarter worth about $1,381,000. Public Employees Retirement System of Ohio bought a new stake in Republic Services in the second quarter worth approximately $16,335,000. Finally, iA Global Asset Management Inc. boosted its holdings in Republic Services by 18.5% in the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after purchasing an additional 10,000 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Down 1.1%

Shares of RSG stock opened at $222.58 on Friday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.77. 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 firm has a market cap of $68.16 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. The stock has a 50 day moving average of $217.58 and a 200-day moving average of $215.19.

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 net margin of 12.94% and a return on equity of 18.69%. Republic Services’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities 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 an increase 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%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.96%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RSG shares. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Barclays upped their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Citigroup upped their price objective 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. Finally, Morgan Stanley set a $232.00 target price on shares of Republic Services in a research note on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $245.26.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 329,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average cost of $223.27 per share, with a total value of $73,500,484.00. Following the completion of the transaction, the insider directly owned 115,021,527 shares in the company, valued at $25,680,856,333.29. This represents a 0.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 4,217,545 shares of company stock valued at $926,720,260 in the last three months. 0.12% of the stock is currently owned by company insiders.

About Republic Services

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.