Elevation Point Wealth Partners LLC Makes New $923,000 Investment in Republic Services, Inc. $RSG

Elevation Point Wealth Partners LLC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,332 shares of the business services provider’s stock, valued at approximately $923,000.

Several other large investors have also recently bought and sold shares of the company. Greenland Capital Management LP bought a new position in Republic Services in the second quarter valued at about $5,255,000. Daiichi Life Insurance Co. Ltd. bought a new stake in Republic Services in the second quarter valued at about $12,867,000. Commerce Bank acquired a new position in Republic Services in the second quarter valued at about $16,404,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Republic Services during the 2nd quarter worth about $7,190,000. Finally, CFO4Life Group LLC bought a new stake in shares of Republic Services in the 2nd quarter valued at about $222,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Up 1.1%

RSG stock opened at $223.04 on Tuesday. The stock has a market cap of $68.30 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. The company has a fifty day moving average price of $215.27 and a two-hundred day moving average price of $215.11. Republic Services, Inc. has a one year low of $196.41 and a one year high of $235.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The business’s revenue 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 analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current 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 issued a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 35.41%.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 261,664 shares of the business’s stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $214.89 per share, with a total value of $56,228,976.96. Following the acquisition, the insider owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders acquired 1,999,929 shares of company stock worth $434,701,707. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley set a $232.00 price target on shares of Republic Services in a research report on Friday, August 7th. Barclays raised their price target on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Citigroup increased their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Royal Bank Of Canada raised their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.