Vise Technologies Inc. Buys Shares of 13,472 Republic Services, Inc. $RSG

Vise Technologies Inc. purchased a new position in Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,472 shares of the business services provider’s stock, valued at approximately $2,871,000.

Other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in Republic Services in the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc bought a new stake in shares of Republic Services in the 2nd quarter worth $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services in the 3rd quarter worth $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services in the second quarter valued at $27,000. Finally, Prosperity Bancshares Inc bought a new position in Republic Services during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Up 0.4%

NYSE:RSG opened at $220.45 on Friday. The stock has a fifty day simple moving average of $214.96 and a 200 day simple moving average of $215.05. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 3.59 and a beta of 0.40. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $237.06. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Sell-side analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on RSG. UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research note on Friday, August 7th. Barclays raised their target price on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Insider Buying and Selling

In other news, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of the stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $214.89 per share, for a total transaction of $56,228,976.96. Following the acquisition, the insider directly owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This represents a 0.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 1,599,643 shares of company stock valued at $346,519,404 in the last ninety days. Company insiders own 0.12% of the company’s stock.

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.