Royal London Asset Management Ltd. Cuts Stake in Republic Services, Inc. $RSG

Royal London Asset Management Ltd. reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,322 shares of the business services provider’s stock after selling 2,401 shares during the period. Royal London Asset Management Ltd.’s holdings in Republic Services were worth $22,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC lifted its stake in Republic Services by 11.3% in the fourth 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 last quarter. Focus Financial Network Inc. increased its holdings in shares of Republic Services by 2.5% in 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 during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Republic Services by 0.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after acquiring an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its holdings in Republic Services by 2.6% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after acquiring an additional 49 shares during the period. Finally, AlphaCentric Advisors LLC boosted its holdings in 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 institutional investors.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 284,600 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average price of $219.52 per share, with a total value of $62,475,392.00. Following the completion of the purchase, the insider directly owned 113,935,127 shares of the company’s stock, valued at approximately $25,011,039,079.04. The trade was a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 3,131,145 shares of company stock worth $685,244,030 over the last 90 days. Insiders own 0.12% of the company’s stock.

Republic Services Stock Up 0.1%

RSG stock opened at $222.24 on Monday. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $235.18. The company has a market capitalization of $68.05 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40. The business’s 50 day moving average price is $216.42 and its two-hundred day moving average price is $215.13. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64.

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, beating the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared 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. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is 37.96%.

Analysts Set New Price Targets

RSG has been the topic of a number of analyst reports. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Royal Bank Of Canada raised their target price on shares of 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 target price on shares of Republic Services in a research note on Friday, August 7th. UBS Group increased their price target 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. Finally, Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Key Headlines Impacting Republic Services

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

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.