Sawyer & Company Inc Acquires New Shares in Republic Services, Inc. $RSG

Sawyer & Company Inc acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,117 shares of the business services provider’s stock, valued at approximately $1,704,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Korea Investment CORP acquired a new stake in shares of Republic Services during the 2nd quarter worth about $20,602,000. Equitable Holdings Inc. acquired a new position in Republic Services in the 2nd quarter valued at about $1,381,000. Public Employees Retirement System of Ohio acquired a new position in Republic Services in the 2nd quarter valued at about $16,335,000. Bridgewater Advisors Inc. bought a new position in Republic Services in the 2nd quarter valued at about $535,000. Finally, Rakuten Investment Management Inc. bought a new position in Republic Services in the 2nd quarter valued at about $7,032,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Raymond James Financial set a $235.00 price objective on Republic Services in a report on Friday, October 9th. BMO Capital Markets set a $244.00 target price on Republic Services in a research report on Thursday, October 15th. Robert W. Baird increased their target price on Republic Services from $233.00 to $235.00 in a research note on Friday, August 7th. The Goldman Sachs Group reduced their price target on Republic Services from $256.00 to $246.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $236.00 price objective on shares of Republic Services in a report on Thursday, October 15th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.27.

Republic Services Price Performance

Shares of NYSE RSG traded down $2.51 during midday trading on Wednesday, reaching $230.47. The company’s stock had a trading volume of 498,128 shares, compared to its average volume of 1,524,951. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $70.57 billion, a P/E ratio of 32.65, a P/E/G ratio of 3.68 and a beta of 0.39. The business’s 50 day moving average price is $219.20 and its two-hundred day moving average price is $214.17. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $233.42.

Republic Services (NYSE:RSG) last issued 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 return on equity of 18.69% and a net margin of 12.94%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business posted $1.77 earnings per share. The firm’s quarterly 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. On average, analysts forecast that Republic Services, Inc. will post 7.26 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were issued a dividend of $0.67 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 37.96%.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 409,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average price of $221.49 per share, with a total value of $90,700,155.00. Following the completion of the purchase, the insider directly owned 116,166,330 shares in the company, valued at $25,729,680,431.70. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 6,254,462 shares of company stock valued at $1,380,321,958 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.