Jefferies Financial Group Inc. Acquires Shares of 3,202 Republic Services, Inc. $RSG

Jefferies Financial Group Inc. acquired a new position in Republic Services, Inc. (NYSE:RSG) in the second quarter, HoldingsChannel.com reports. The fund acquired 3,202 shares of the business services provider’s stock, valued at approximately $682,000.

Several other hedge funds have also modified their holdings of RSG. Korea Investment CORP purchased a new stake in Republic Services in the 2nd quarter worth $20,602,000. Bridgewater Advisors Inc. purchased a new position in Republic Services during the second quarter valued at $535,000. iA Global Asset Management Inc. grew its position in shares of 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 valued at $13,606,000 after purchasing an additional 10,000 shares during the period. Norges Bank purchased a new stake in shares of Republic Services during the fourth quarter worth about $617,165,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Republic Services during the second quarter worth about $16,335,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Down 0.2%

RSG stock opened at $221.61 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average of $216.76 and a two-hundred day moving average of $215.12. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $235.18. The company has a market cap of $67.86 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.04. The business 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 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 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed 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. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is presently 35.41%.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 284,600 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was acquired at an average cost of $219.52 per share, with a total value of $62,475,392.00. Following the purchase, the insider directly owned 113,935,127 shares of the company’s stock, valued at $25,011,039,079.04. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders acquired 3,131,145 shares of company stock valued at $685,244,030. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup raised 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. UBS Group boosted their price objective on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Barclays lifted their price target 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, Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Company 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.