Republic Services, Inc. $RSG Holdings Cut by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 98.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,897 shares of the business services provider’s stock after selling 4,295,909 shares during the period. Wellington Management Group LLP’s holdings in Republic Services were worth $17,877,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wealth Watch Advisors INC purchased a new position in Republic Services in the third quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new stake in shares of Republic Services during the 2nd quarter worth about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Republic Services during the 2nd quarter worth about $27,000. Compass Financial Management LLC acquired a new stake in shares of Republic Services during the 2nd quarter valued at about $27,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Republic Services in the 4th quarter valued at approximately $30,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of NYSE RSG opened at $222.58 on Monday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.77. The company has a market cap of $68.16 billion, a P/E ratio of 31.53, a P/E/G ratio of 3.69 and a beta of 0.40. The business’s 50 day moving average is $217.58 and its two-hundred day moving average is $215.13. 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 (NYSE:RSG) last posted its quarterly earnings data 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 earned $1.77 earnings per share. Republic Services’s revenue for the quarter 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 declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. acquired 329,200 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average price of $223.27 per share, with a total value of $73,500,484.00. Following the completion of the transaction, the insider owned 115,021,527 shares of the company’s stock, valued at approximately $25,680,856,333.29. This represents a 0.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have bought 4,217,545 shares of company stock worth $926,720,260. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

RSG has been the topic of several recent research reports. UBS Group raised their price objective on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $232.00 price target on shares of Republic Services in a report on Friday, August 7th. Citigroup upped their price objective on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Finally, Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.26.

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.