United Capital Financial Advisors LLC Purchases New Position in Republic Services, Inc. $RSG

United Capital Financial Advisors LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent filing with the SEC. The fund acquired 31,429 shares of the business services provider’s stock, valued at approximately $6,697,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Korea Investment CORP bought a new stake in Republic Services during the 2nd quarter worth approximately $20,602,000. Bridgewater Advisors Inc. purchased a new position in shares of Republic Services during the 2nd quarter valued at $535,000. iA Global Asset Management Inc. increased its holdings 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 worth $13,606,000 after purchasing an additional 10,000 shares during the period. Norges Bank purchased a new stake in shares of Republic Services in the fourth quarter worth $617,165,000. Finally, Varma Mutual Pension Insurance Co boosted its stake in Republic Services by 25.6% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after buying an additional 13,700 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 1.4%

NYSE RSG opened at $219.05 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock’s 50-day simple moving average is $216.07 and its two-hundred day simple moving average is $215.15. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.18. The company has a market capitalization of $67.08 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for 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%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Research analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is presently 37.96%.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. acquired 301,639 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $222.91 per share, for a total transaction of $67,238,349.49. Following the completion of the acquisition, the insider owned 113,105,550 shares in the company, valued at approximately $25,212,358,150.50. This represents a 0.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders bought 2,571,045 shares of company stock worth $561,731,613 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on RSG. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Royal Bank Of Canada boosted their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. UBS Group upped their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Citigroup raised 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. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services 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.