Northwestern Mutual Wealth Management Co. Acquires Shares of 33,744 Republic Services, Inc. $RSG

Northwestern Mutual Wealth Management Co. bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, Holdings Channel.com reports. The fund bought 33,744 shares of the business services provider’s stock, valued at approximately $7,190,000.

Several other institutional investors and hedge funds have also made changes to their positions in RSG. Bridgewater Advisors Inc. purchased a new stake in Republic Services in the 2nd quarter valued at $535,000. iA Global Asset Management Inc. grew its position in Republic Services by 18.5% during the 4th 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 during the last quarter. Norges Bank purchased a new position in Republic Services during the 4th quarter worth $617,165,000. Varma Mutual Pension Insurance Co increased its stake in Republic Services by 25.6% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after purchasing an additional 13,700 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in shares of Republic Services by 14.0% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 207,272 shares of the business services provider’s stock worth $43,927,000 after buying an additional 25,505 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the purchase, the insider directly owned 111,065,646 shares in the company, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the transaction, the director owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 1,599,643 shares of company stock valued at $346,519,404 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Republic Services Price Performance

Shares of NYSE:RSG opened at $220.45 on Monday. 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 company has a market cap of $67.50 billion, a P/E ratio of 31.23, a PEG ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $237.06. The company has a 50-day moving average price of $214.96 and a 200 day moving average price of $215.04.

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

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This is a boost 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 of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is currently 35.41%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RSG shares. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Royal Bank Of Canada increased their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Finally, Barclays lifted their price objective 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. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, 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.