J.Safra Asset Management Corp Acquires Shares of 3,396 Republic Services, Inc. $RSG

J.Safra Asset Management Corp acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,396 shares of the business services provider’s stock, valued at approximately $724,000.

Several other institutional investors have also recently made changes to their positions in the business. Laurel Wealth Advisors LLC acquired a new position in Republic Services during the fourth quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in Republic Services during the 3rd quarter worth about $26,000. Prosperity Bancshares Inc acquired a new stake in Republic Services during the 4th quarter worth about $30,000. Hilton Head Capital Partners LLC purchased a new position in shares of Republic Services during the 4th quarter valued at about $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Republic Services by 47.3% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. UBS Group lifted their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, 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 research note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. purchased 188,460 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $215.81 per share, with a total value of $40,671,552.60. Following the purchase, the insider owned 111,668,606 shares of the company’s stock, valued at $24,099,201,860.86. The trade was a 0.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 864,624 shares of company stock worth $186,474,430 in the last three months. 0.12% of the stock is owned by corporate insiders.

Republic Services Price Performance

NYSE:RSG opened at $214.75 on Monday. 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, Inc. has a 52 week low of $196.41 and a 52 week high of $238.62. The stock’s 50-day moving average price is $214.01 and its 200-day moving average price is $214.95. The stock has a market capitalization of $65.76 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company 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 firm posted $1.77 EPS. Republic Services’s quarterly revenue 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. As a group, equities analysts expect that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

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