Flputnam Investment Management Co. Acquires New Holdings in Republic Services, Inc. $RSG

Flputnam Investment Management Co. purchased a new position in Republic Services, Inc. (NYSE:RSG) in the second quarter, HoldingsChannel reports. The firm purchased 160,156 shares of the business services provider’s stock, valued at approximately $34,126,000.

Several other large investors have also bought and sold shares of RSG. Laurel Wealth Advisors LLC acquired a new position in shares of Republic Services in the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in Republic Services during the 3rd quarter worth approximately $26,000. Prosperity Bancshares Inc acquired a new stake in Republic Services during the 4th quarter valued at $30,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Republic Services in the fourth quarter valued at $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. bought 188,460 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $215.81 per share, for a total transaction of $40,671,552.60. Following the completion of the purchase, the insider owned 111,668,606 shares of the company’s stock, valued at $24,099,201,860.86. This trade represents a 0.17% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director directly owned 58 shares of the company’s stock, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired a total of 864,624 shares of company stock valued at $186,474,430 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. 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 report on Tuesday, August 11th. Citigroup raised their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Morgan Stanley set a $232.00 target price on Republic Services in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Stock Performance

NYSE RSG opened at $214.75 on Monday. The company’s fifty day moving average is $214.01 and its two-hundred day moving average is $214.95. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $238.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $65.76 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced 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 business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. 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 company also recently declared 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 of this dividend is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. Republic Services’s payout ratio is currently 35.41%.

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.