2,653 Shares in Republic Services, Inc. $RSG Bought by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 2,653 shares of the business services provider’s stock, valued at approximately $535,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tema ETFs LLC grew its position in shares of Republic Services by 18.7% during the second quarter. Tema ETFs LLC now owns 3,559 shares of the business services provider’s stock worth $758,000 after acquiring an additional 561 shares during the last quarter. Salvus Wealth Management LLC bought a new stake in Republic Services during the second quarter worth approximately $789,000. Focus Financial Network Inc. lifted its holdings in shares of Republic Services by 2.5% in the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock valued at $397,000 after buying an additional 46 shares during the period. Everhart Financial Group Inc. lifted its holdings in Republic Services by 27.4% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,322 shares of the business services provider’s stock valued at $282,000 after acquiring an additional 284 shares during the last quarter. Finally, Sax Wealth Advisors LLC boosted its holdings in Republic Services by 67.0% during the second quarter. Sax Wealth Advisors LLC now owns 2,034 shares of the business services provider’s stock worth $445,000 after buying an additional 816 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 188,460 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $215.81 per share, with a total value of $40,671,552.60. Following the completion of the transaction, the insider owned 111,668,606 shares of the company’s stock, valued at approximately $24,099,201,860.86. This trade represents a 0.17% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 925,324 shares of company stock worth $199,422,347 over the last ninety days. Insiders own 0.12% of the company’s stock.

Republic Services Trading Down 0.2%

Shares of Republic Services stock opened at $214.75 on Friday. The firm has a market capitalization of $65.76 billion, a PE ratio of 30.42, a price-to-earnings-growth 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 0.67. The company’s fifty day moving average price is $214.01 and its two-hundred day moving average price is $214.98. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $238.62.

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

A number of research firms recently weighed in on RSG. Barclays increased their price target on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Citigroup lifted their target price 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. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Finally, UBS Group boosted their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.