Coastal Bridge Advisors LLC Makes New Investment in Republic Services, Inc. $RSG

Coastal Bridge Advisors LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,266 shares of the business services provider’s stock, valued at approximately $1,335,000.

Several other large investors also recently made changes to their positions in RSG. Brighton Jones LLC grew its holdings in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after acquiring an additional 3,303 shares in the last quarter. NewEdge Advisors LLC boosted its position in Republic Services by 3.6% during the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after purchasing an additional 1,044 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in Republic Services by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after purchasing an additional 688 shares in the last quarter. Finally, Ieq Capital LLC increased its position in Republic Services by 68.4% in the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after purchasing an additional 4,729 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE RSG opened at $219.05 on Friday. The business’s 50-day simple moving average is $216.07 and its 200-day simple moving average is $215.15. 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, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18. The firm has a market cap of $67.08 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted 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 firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.During the same period in the previous year, the company earned $1.77 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 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 payout ratio is currently 37.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report 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. Barclays lifted their target price on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Citigroup increased their price target on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, UBS Group raised their price target on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Twelve investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of $245.26.

Insider Transactions at Republic Services

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

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.