Sanctuary Advisors LLC Takes $13.15 Million Position in Republic Services, Inc. $RSG

Sanctuary Advisors LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 61,696 shares of the business services provider’s stock, valued at approximately $13,146,000.

Other hedge funds also recently bought and sold shares of the company. Covington Investment Advisors Inc. purchased a new stake in Republic Services in the second quarter worth $224,000. Solstein Capital LLC purchased a new stake in shares of Republic Services during the second quarter valued at $252,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Republic Services in the second quarter worth about $8,950,000. Bank of Nova Scotia purchased a new stake in Republic Services in the 2nd quarter valued at about $70,342,000. Finally, Kirtland Hills Capital Management LLC bought a new position in Republic Services in the 2nd quarter worth about $2,145,000. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RSG. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. UBS Group upped 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. Finally, Royal Bank Of Canada increased their price target on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Price Performance

Shares of RSG opened at $220.45 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day moving average price of $214.96 and a 200-day moving average price of $215.04. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $237.06. The stock has a market capitalization of $67.50 billion, a PE ratio of 31.23, a PEG ratio of 3.66 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share (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 net margin of 12.94% and a return on equity of 18.69%. Republic Services’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. Equities analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business 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 an increase 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 dividend payout ratio (DPR) is currently 35.41%.

Insiders Place Their Bets

In related news, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. purchased 178,844 shares of the stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $222.51 per share, for a total transaction of $39,794,578.44. Following the completion of the acquisition, the insider directly owned 112,403,625 shares in the company, valued at approximately $25,010,930,598.75. This represents a 0.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 1,599,643 shares of company stock valued at $346,519,404 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

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.