Republic Services, Inc. $RSG Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 19,694.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 49,796,796 shares of the business services provider’s stock after acquiring an additional 49,545,228 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Republic Services worth $10,610,701,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC grew its stake in shares of Republic Services by 11.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after purchasing an additional 45 shares during the period. Focus Financial Network Inc. boosted its holdings in Republic Services by 2.5% during the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after buying an additional 46 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Republic Services by 0.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after buying an additional 48 shares during the period. Williams Jones Wealth Management LLC. increased its holdings in Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after buying an additional 49 shares in the last quarter. Finally, AlphaCentric Advisors LLC lifted its position in shares of Republic Services by 5.9% during the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after acquiring an additional 50 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 370,264 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were bought at an average cost of $224.81 per share, with a total value of $83,239,049.84. Following the purchase, the insider directly owned 115,391,791 shares of the company’s stock, valued at approximately $25,941,228,534.71. This trade represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 4,952,848 shares of company stock valued at $1,091,421,414. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup boosted their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Morgan Stanley set a $232.00 price objective on Republic Services in a report on Friday, August 7th. UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Barclays raised their price target on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Price Performance

Shares of NYSE:RSG opened at $221.69 on Wednesday. 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 business’s fifty day moving average price is $217.91 and its two-hundred day moving average price is $215.18. The stock has a market cap of $67.88 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. Republic Services, Inc. has a one year low of $196.41 and a one year high of $233.42.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share 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 company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. The business’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, analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.67 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. Republic Services’s payout ratio is currently 35.41%.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.