VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Stake in Republic Services, Inc. $RSG

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 61,021 shares of the business services provider’s stock, valued at approximately $13,002,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. California State Teachers Retirement System grew its holdings in shares of Republic Services by 19,694.6% in the second quarter. California State Teachers Retirement System now owns 49,796,796 shares of the business services provider’s stock worth $10,610,701,000 after purchasing an additional 49,545,228 shares during the last quarter. BlackRock Inc. bought a new stake in Republic Services during the 2nd quarter valued at about $3,798,092,000. Bank of America Corp DE bought a new stake in Republic Services during the 2nd quarter valued at about $682,573,000. Norges Bank purchased a new stake in Republic Services in the 4th quarter valued at about $617,165,000. Finally, Capital World Investors grew its stake in Republic Services by 27.7% in the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after acquiring an additional 1,899,183 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Transactions at Republic Services

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays increased their price objective on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Finally, Citigroup lifted their price objective on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Republic Services Trading Down 0.1%

Republic Services stock opened at $222.58 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The stock 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 $217.74 and a two-hundred day moving average of $215.14. Republic Services, Inc. has a one year low of $196.41 and a one year high of $233.77.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate 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 period 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, research analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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

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.