Man Group plc Takes $44.46 Million Position in Republic Services, Inc. $RSG

Man Group plc purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 208,662 shares of the business services provider’s stock, valued at approximately $44,462,000.

A number of other hedge funds have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its position in Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after buying an additional 45 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Republic Services by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after purchasing an additional 46 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Republic Services by 0.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after purchasing an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. increased its stake in shares of Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after buying an additional 49 shares during the period. Finally, AlphaCentric Advisors LLC raised its holdings in Republic Services by 5.9% in the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after buying an additional 50 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Argus lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. UBS Group upped their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley set a $232.00 target price on shares of Republic Services in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.26.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. bought 269,477 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $221.88 per share, for a total transaction of $59,791,556.76. Following the purchase, the insider directly owned 113,375,027 shares in the company, valued at $25,155,650,990.76. This trade represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders acquired 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 $221.96 on Thursday. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $235.18. 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 company has a fifty day moving average price of $215.79 and a 200-day moving average price of $215.15. The firm has a market cap of $67.97 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 3.66 and a beta of 0.40.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s dividend 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.