7,110 Shares in Republic Services, Inc. $RSG Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the second quarter, HoldingsChannel reports. The institutional investor purchased 7,110 shares of the business services provider’s stock, valued at approximately $1,515,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Republic Services in the second quarter valued at approximately $3,798,092,000. State Street Corp boosted its stake in shares of Republic Services by 1.7% during the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock worth $2,054,820,000 after acquiring an additional 166,474 shares during the period. Capital World Investors increased its holdings in shares of Republic Services by 27.7% during 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 during the last quarter. Morgan Stanley raised its stake in Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after acquiring an additional 1,490,719 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Republic Services by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after purchasing an additional 807,525 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 0.9%

Shares of NYSE:RSG opened at $217.17 on Wednesday. The company has a market capitalization of $66.50 billion, a P/E ratio of 30.76, a P/E/G ratio of 3.51 and a beta of 0.40. 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 business’s 50 day simple moving average is $214.36 and its 200 day simple moving average is $214.94. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $238.62.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 EPS. 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. Stockholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is presently 35.41%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RSG shares. UBS Group increased their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Citigroup upped their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Argus cut Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Barclays increased their target price 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. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 price target on shares of Republic Services in a report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Insider Buying and Selling

In other news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 206,800 shares of Republic Services stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average cost of $214.92 per share, for a total transaction of $44,445,456.00. Following the completion of the purchase, the insider directly owned 112,024,656 shares of the company’s stock, valued at $24,076,339,067.52. This represents a 0.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 1,220,674 shares of company stock valued at $263,117,588. 0.12% of the stock is currently owned by 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.