Quantbot Technologies LP Invests $4.75 Million in Republic Services, Inc. $RSG

Quantbot Technologies LP purchased a new position in Republic Services, Inc. (NYSE:RSG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,300 shares of the business services provider’s stock, valued at approximately $4,752,000.

A number of other large investors have also added to or reduced their stakes in RSG. Bridgewater Advisors Inc. purchased a new stake in Republic Services in the 2nd quarter worth about $535,000. iA Global Asset Management Inc. lifted its holdings in Republic Services by 18.5% during the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock valued at $13,606,000 after purchasing an additional 10,000 shares during the last quarter. Norges Bank bought a new position in Republic Services during the fourth quarter worth about $617,165,000. Varma Mutual Pension Insurance Co increased its stake in shares of Republic Services by 25.6% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock worth $14,237,000 after purchasing an additional 13,700 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of Republic Services by 14.0% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 207,272 shares of the business services provider’s stock valued at $43,927,000 after purchasing an additional 25,505 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the purchase, the insider directly owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. The trade was a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director owned 58 shares of the company’s stock, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have purchased 1,599,643 shares of company stock valued at $346,519,404. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Royal Bank Of Canada boosted their target price on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Citigroup increased their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Morgan Stanley set a $232.00 price target on Republic Services in a research report on Friday, August 7th. Finally, Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Price Performance

Shares of NYSE:RSG opened at $220.45 on Friday. The company has a 50 day moving average of $214.96 and a 200 day moving average of $215.05. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock has a market cap of $67.50 billion, a P/E ratio of 31.23, a P/E/G ratio of 3.61 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $237.06.

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

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is 35.41%.

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.