Hsbc Holdings PLC Makes New Investment in Republic Services, Inc. $RSG

Hsbc Holdings PLC acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, Holdings Channel reports. The institutional investor acquired 436,976 shares of the business services provider’s stock, valued at approximately $93,210,000.

Other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in Republic Services during the fourth quarter valued at $25,000. Bell Investment Advisors Inc acquired a new position in shares of Republic Services in the second quarter worth about $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services during the 3rd quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Republic Services during the 2nd quarter valued at about $27,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Republic Services during the 2nd quarter valued at about $27,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on RSG. UBS Group raised their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Royal Bank Of Canada lifted their price target 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. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Citigroup increased their price objective 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. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of the stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $222.91 per share, for a total transaction of $67,238,349.49. Following the completion of the transaction, the insider directly owned 113,105,550 shares in the company, valued at approximately $25,212,358,150.50. This represents a 0.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired 2,571,045 shares of company stock worth $561,731,613 in the last 90 days. 0.12% of the stock is owned by corporate insiders.

Republic Services Stock Performance

RSG opened at $221.96 on Thursday. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.18. The firm has a market capitalization of $67.97 billion, a PE ratio of 31.44, a PEG ratio of 3.66 and a beta of 0.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average price is $215.79 and its 200 day moving average price is $215.15.

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

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. The ex-dividend date of this dividend 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 is presently 35.41%.

Republic Services Company 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.