Northwestern Mutual Wealth Management Co. Reduces Stake in Republic Services, Inc. $RSG

Northwestern Mutual Wealth Management Co. cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,744 shares of the business services provider’s stock after selling 2,860 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Republic Services were worth $7,190,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of RSG. Brighton Jones LLC grew its stake in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the last quarter. Federated Hermes Inc. raised its position in Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after acquiring an additional 3,303 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Republic Services by 3.6% in the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after purchasing an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Republic Services by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after purchasing an additional 688 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in shares of Republic Services by 68.4% during the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after purchasing an additional 4,729 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

RSG stock opened at $222.73 on Thursday. The stock has a market capitalization of $68.20 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 3.70 and a beta of 0.40. 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 $235.18. The stock’s fifty day simple moving average is $217.22 and its 200-day simple moving average is $215.12.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The business’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. Equities research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The business also recently announced 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 payout ratio is presently 37.96%.

Analysts Set New Price Targets

RSG has been the topic of a number of recent research reports. Morgan Stanley set a $232.00 target price on Republic Services in a research note on Friday, August 7th. Barclays boosted their price target on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research note on Friday, May 8th. Finally, Royal Bank Of Canada raised their price target on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Insider Buying and Selling

In related news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $222.91 per share, with a total value of $67,238,349.49. Following the completion of the transaction, the insider owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. This trade represents a 0.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 3,683,545 shares of company stock worth $807,614,912 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

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.