Wealthfront Advisers LLC Makes New Investment in Republic Services, Inc. $RSG

Wealthfront Advisers LLC bought a new position in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 87,123 shares of the business services provider’s stock, valued at approximately $18,564,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services in the 4th quarter valued at about $25,000. Bell Investment Advisors Inc purchased a new stake in Republic Services in the second quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new position in Republic Services in the 3rd quarter worth approximately $26,000. Prosperity Bancshares Inc purchased a new stake in shares of Republic Services during the 4th quarter valued at $30,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Republic Services in the fourth quarter worth $32,000. 57.73% of the stock is currently owned by institutional investors.

Insider Transactions at Republic Services

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director directly owned 58 shares of the company’s stock, valued at approximately $12,254.24. The trade was a 96.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 261,664 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average price of $214.89 per share, with a total value of $56,228,976.96. Following the completion of the acquisition, the insider directly owned 111,065,646 shares in the company, valued at approximately $23,866,896,668.94. This represents a 0.24% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 1,220,674 shares of company stock worth $263,117,588. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RSG shares. Citigroup lifted 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. Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. 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. Royal Bank Of Canada upped their price objective on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Republic Services Stock Up 0.9%

Shares of Republic Services stock opened at $217.17 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. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $238.62. The company’s 50 day moving average price is $214.36 and its 200-day moving average price is $214.94. The stock has a market capitalization of $66.50 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced 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. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the company posted $1.77 EPS. The firm’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. Equities research analysts forecast 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 of this dividend is Friday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s payout ratio is 35.41%.

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.