Parallax Volatility Advisers L.P. Makes New Investment in Republic Services, Inc. $RSG

Parallax Volatility Advisers L.P. acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,631 shares of the business services provider’s stock, valued at approximately $774,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RSG. Laurel Wealth Advisors LLC purchased a new stake in Republic Services during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc bought a new stake in Republic Services in the second quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services during the third quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Republic Services in the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC purchased a new position in shares of Republic Services in the second quarter valued at about $27,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of several research analyst reports. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. UBS Group raised their target price 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. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Finally, Royal Bank Of Canada raised their price objective on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 301,639 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of $222.91 per share, with a total value of $67,238,349.49. Following the completion of the transaction, the insider directly owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. This represents a 0.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 2,571,045 shares of company stock valued at $561,731,613 in the last three months. 0.12% of the stock is owned by insiders.

Republic Services Price Performance

RSG opened at $221.96 on Thursday. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.18. The stock has a 50-day moving average price of $215.79 and a 200-day moving average price of $215.15. The firm has a market cap of $67.97 billion, a PE ratio of 31.44, a P/E/G ratio of 3.66 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.

Republic Services (NYSE:RSG) last released its quarterly earnings data 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 business had revenue of $4.43 billion during 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 period last year, the business earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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

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.