Korea Investment CORP Acquires Shares of 96,688 Republic Services, Inc. $RSG

Korea Investment CORP purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 96,688 shares of the business services provider’s stock, valued at approximately $20,602,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RSG. Laurel Wealth Advisors LLC bought a new position in Republic Services during the fourth quarter valued at $25,000. Bell Investment Advisors Inc purchased a new position in Republic Services during the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services in the third quarter worth about $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Republic Services during the 2nd quarter worth approximately $27,000. Finally, Prosperity Bancshares Inc bought a new position in Republic Services in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RSG shares. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a report on Friday, August 7th. UBS Group raised their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Barclays boosted their target price on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Trading Down 0.1%

NYSE:RSG opened at $220.45 on Monday. The company has a 50-day moving average price of $214.96 and a 200-day moving average price of $215.04. The stock has a market cap of $67.50 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 3.66 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $237.06.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the company earned $1.77 earnings per share. Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities analysts predict 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 given a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is currently 35.41%.

Insider Buying and Selling

In related news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction that occurred 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 directly owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was purchased at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the acquisition, the insider owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This represents a 0.24% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 1,599,643 shares of company stock valued at $346,519,404. 0.12% of the stock is currently owned by company 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.