Element Capital Management LLC Purchases Shares of 14,400 Republic Services, Inc. $RSG

Element Capital Management LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,400 shares of the business services provider’s stock, valued at approximately $3,068,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in Republic Services during the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the 2nd quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services in the 3rd quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Republic Services in the second quarter valued at $27,000. Finally, Compass Financial Management LLC bought a new stake in shares of Republic Services during the 2nd quarter valued at about $27,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Citigroup increased their target price 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, Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $214.89 per share, for a total transaction of $56,228,976.96. Following the purchase, the insider owned 111,065,646 shares of the company’s stock, valued at approximately $23,866,896,668.94. This trade represents a 0.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 1,999,929 shares of company stock valued at $434,701,707. 0.12% of the stock is currently owned by company insiders.

Republic Services Price Performance

Shares of RSG opened at $221.22 on Wednesday. The business’s fifty day moving average is $215.50 and its 200 day moving average is $215.13. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $235.18. 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 has a market cap of $67.74 billion, a P/E ratio of 31.33, a P/E/G ratio of 3.70 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the business posted $1.77 EPS. Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.67 dividend. The ex-dividend date is Friday, October 2nd. 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. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.

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.