Two Sigma Securities LLC Sells 2,440 Shares of Republic Services, Inc. $RSG

Two Sigma Securities LLC lessened its stake in Republic Services, Inc. (NYSE:RSG) by 29.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,913 shares of the business services provider’s stock after selling 2,440 shares during the period. Two Sigma Securities LLC’s holdings in Republic Services were worth $1,260,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Korea Investment CORP purchased a new stake in Republic Services during the 2nd quarter valued at about $20,602,000. Bridgewater Advisors Inc. bought a new stake in Republic Services in the second quarter valued at approximately $535,000. Equitable Holdings Inc. purchased a new stake in shares of Republic Services during the second quarter valued at approximately $1,381,000. iA Global Asset Management Inc. grew 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 last quarter. Finally, Norges Bank purchased a new position in shares of Republic Services in the fourth quarter worth $617,165,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Shares of NYSE RSG opened at $221.61 on Tuesday. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $235.18. The firm has a market capitalization of $67.86 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 3.68 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. The firm has a 50 day moving average of $216.76 and a 200 day moving average of $215.12.

Republic Services (NYSE:RSG) last released its quarterly 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 business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current 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 represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is currently 35.41%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Barclays upped their price target on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Royal Bank Of Canada raised their target price on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Citigroup increased their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 284,600 shares of Republic Services stock in a transaction dated Thursday, August 27th. The shares were purchased at an average price of $219.52 per share, for a total transaction of $62,475,392.00. Following the completion of the transaction, the insider directly owned 113,935,127 shares in the company, valued at approximately $25,011,039,079.04. This represents a 0.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have purchased 3,131,145 shares of company stock worth $685,244,030. Company insiders own 0.12% of the company’s stock.

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.