Phillips Wealth Planners LLC Invests $563,000 in Republic Services, Inc. $RSG

Phillips Wealth Planners LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, HoldingsChannel reports. The firm bought 2,529 shares of the business services provider’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of RSG. Laurel Wealth Advisors LLC purchased a new position in shares of Republic Services during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services in the second quarter worth about $25,000. Wealth Watch Advisors INC bought a new position in Republic Services during the third quarter valued at approximately $26,000. Prosperity Bancshares Inc purchased a new position in Republic Services during the 4th quarter valued at approximately $30,000. Finally, Hilton Head Capital Partners LLC bought a new stake in Republic Services in the 4th quarter worth approximately $32,000. 57.73% of the stock is currently owned by institutional investors.

Insider Activity at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director directly owned 58 shares of the company’s stock, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the acquisition, the insider owned 111,065,646 shares in the company, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 864,624 shares of company stock valued at $186,474,430 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of a number of research reports. UBS Group increased their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Citigroup increased their price objective 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. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Stock Up 0.3%

NYSE RSG opened at $215.28 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $238.62. The firm has a market capitalization of $65.92 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 3.51 and a beta of 0.40. The company has a fifty day moving average of $214.22 and a two-hundred day moving average of $214.94.

Republic Services (NYSE:RSG) last announced 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 net margin of 12.94% and a return on equity of 18.69%. 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 firm posted $1.77 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services’s payout ratio is 35.41%.

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.