Canada Pension Plan Investment Board Purchases Shares of 204,746 Republic Services, Inc. $RSG

Canada Pension Plan Investment Board acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 204,746 shares of the business services provider’s stock, valued at approximately $43,627,000. Canada Pension Plan Investment Board owned approximately 0.07% of Republic Services at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RSG. Laurel Wealth Advisors LLC bought a new position in shares of Republic Services in the 4th quarter worth $25,000. Bell Investment Advisors Inc bought a new stake in shares of Republic Services during the 2nd quarter worth $25,000. Wealth Watch Advisors INC purchased a new position in Republic Services in the third quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Republic Services in the second quarter valued at $27,000. Finally, Compass Financial Management LLC purchased a new stake in Republic Services during the second quarter valued at about $27,000. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of research reports. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Argus cut Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Barclays boosted their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Citigroup increased their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, UBS Group lifted their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. bought 301,639 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of $222.91 per share, with a total value of $67,238,349.49. Following the completion of the purchase, the insider directly owned 113,105,550 shares in the company, valued at $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 have purchased a total of 2,571,045 shares of company stock valued at $561,731,613 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Republic Services Stock Down 1.4%

RSG opened at $219.05 on Friday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $235.18. 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 business’s 50-day moving average price is $216.07 and its 200-day moving average price is $215.15. The company has a market cap of $67.08 billion, a P/E ratio of 31.03, a P/E/G ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the business posted $1.77 EPS. Republic Services’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, equities analysts expect that Republic Services, Inc. will post 7.27 EPS for the current 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 paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is currently 37.96%.

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.