Corient Private Wealth LP Acquires New Position in Republic Services, Inc. $RSG

Corient Private Wealth LP bought a new position in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 156,650 shares of the business services provider’s stock, valued at approximately $33,380,000. Corient Private Wealth LP owned 0.05% of Republic Services as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of RSG. BlackRock Inc. purchased a new position in Republic Services during the second quarter worth about $3,798,092,000. State Street Corp increased its stake in shares of Republic Services by 1.7% during the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock valued at $2,054,820,000 after acquiring an additional 166,474 shares during the last quarter. Capital World Investors lifted its holdings in shares of Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after acquiring an additional 1,899,183 shares during the period. Morgan Stanley boosted its position in shares of Republic Services by 38.6% in the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after acquiring an additional 1,490,719 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Republic Services by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after purchasing an additional 807,525 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of Republic Services stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $222.91 per share, with a total value of $67,238,349.49. Following the transaction, the insider owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. The trade was a 0.27% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 2,571,045 shares of company stock worth $561,731,613. Insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $219.05 on Friday. The firm’s fifty day simple moving average is $216.07 and its 200 day simple moving average is $215.15. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.18. The firm has a market capitalization of $67.08 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS 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% compared to the same quarter last year. During the same period last 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, equities research analysts expect that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is an increase 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

A number of research firms have weighed in on RSG. UBS Group increased their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Citigroup upped their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Barclays lifted their target price on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.26.

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.