Republic Services, Inc. $RSG Shares Purchased by Saudi Central Bank

Saudi Central Bank raised its holdings in Republic Services, Inc. (NYSE:RSG) by 75.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,057 shares of the business services provider’s stock after acquiring an additional 6,059 shares during the quarter. Saudi Central Bank’s holdings in Republic Services were worth $2,995,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 329,200 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average cost of $223.27 per share, with a total value of $73,500,484.00. Following the purchase, the insider owned 115,021,527 shares in the company, valued at approximately $25,680,856,333.29. This represents a 0.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought 4,217,545 shares of company stock worth $926,720,260 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $222.58 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $68.16 billion, a PE ratio of 31.53, a P/E/G ratio of 3.69 and a beta of 0.40. The firm has a 50 day simple moving average of $217.74 and a 200-day simple moving average of $215.14. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $233.77.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping 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 firm 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 company earned $1.77 EPS. Republic Services’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, equities analysts expect that Republic Services, Inc. will post 7.27 EPS for the current 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 paid a $0.67 dividend. The ex-dividend date 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 currently 35.41%.

Analyst Ratings Changes

RSG has been the subject of several research analyst reports. Citigroup raised their price objective on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Barclays boosted their price objective on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

About Republic Services

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.