Salvus Wealth Management LLC Takes $789,000 Position in Republic Services, Inc. $RSG

Salvus Wealth Management LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,704 shares of the business services provider’s stock, valued at approximately $789,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Republic Services in the fourth quarter valued at about $617,165,000. Capital World Investors lifted its position in Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares during the period. Morgan Stanley boosted its holdings in Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after purchasing an additional 1,490,719 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Republic Services by 68.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider’s stock worth $497,828,000 after purchasing an additional 913,249 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Republic Services by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock worth $1,074,513,000 after buying an additional 807,525 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 60,700 shares of the business’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $213.31 per share, for a total transaction of $12,947,917.00. Following the acquisition, the insider owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. The trade was a 0.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value 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 represents a 96.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 854,000 shares of company stock valued at $175,859,165. Insiders own 0.12% of the company’s stock.

Republic Services Price Performance

RSG stock opened at $214.82 on Tuesday. The stock’s 50 day moving average price is $213.31 and its 200 day moving average price is $215.01. The firm has a market cap of $66.09 billion, a P/E ratio of 30.43, a PEG ratio of 3.59 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.67 and a current ratio of 0.64. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $238.62.

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 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 the consensus estimate of $4.36 billion. During the same quarter last year, the business posted $1.77 earnings per share. Republic Services’s revenue 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, sell-side analysts expect that Republic Services, Inc. will post 7.29 earnings per share 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%.

Analysts Set New Price Targets

Several research firms have recently commented on RSG. Morgan Stanley set a $232.00 price target on Republic Services in a report on Friday. Citigroup raised their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Robert W. Baird decreased their target price on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Royal Bank Of Canada boosted their price objective 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. 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, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.63.

Republic Services 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.