Partners Capital Investment Group LLP Buys New Shares in Republic Services, Inc. $RSG

Partners Capital Investment Group LLP purchased a new stake in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,259 shares of the business services provider’s stock, valued at approximately $481,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dearborn Partners LLC bought a new position in Republic Services in the second quarter worth approximately $34,209,000. Flavin Financial Services Inc. bought a new position in shares of Republic Services during the second quarter valued at about $1,865,000. Cibc World Market Inc. bought a new position in shares of Republic Services in the second quarter valued at approximately $1,918,000. Castlefield Investment Partners LLP purchased a new stake in shares of Republic Services during the 2nd quarter valued at $513,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Republic Services in the second quarter valued at about $2,425,000. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group lifted their price objective on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Royal Bank Of Canada upped their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Barclays increased their price objective 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 research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the stock in a transaction on Monday, August 10th. The shares were bought at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the acquisition, the insider owned 111,065,646 shares in the company, valued at $23,866,896,668.94. The trade was a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 1,999,929 shares of company stock valued at $434,701,707. Company insiders own 0.12% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $223.04 on Tuesday. The firm’s 50-day simple moving average is $215.27 and its two-hundred day simple moving average is $215.11. The stock has a market cap of $68.30 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.98. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64.

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, topping analysts’ consensus estimates 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 business posted $1.77 EPS. Republic Services’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Analysts anticipate 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. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is presently 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.