Hsbc Holdings PLC Buys 36,403 Shares of Republic Services, Inc. $RSG

Hsbc Holdings PLC lifted its position in Republic Services, Inc. (NYSE:RSG) by 9.1% during the second quarter, HoldingsChannel.com reports. The fund owned 436,976 shares of the business services provider’s stock after purchasing an additional 36,403 shares during the period. Hsbc Holdings PLC’s holdings in Republic Services were worth $93,210,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RSG. BlackRock Inc. acquired a new stake in Republic Services in the second quarter worth $3,798,092,000. State Street Corp increased its position in shares of Republic Services by 1.7% in the 4th quarter. State Street Corp now owns 9,695,747 shares of the business services provider’s stock valued at $2,054,820,000 after buying an additional 166,474 shares in the last quarter. Capital World Investors raised its stake in Republic Services by 27.7% during the 4th quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after buying an additional 1,899,183 shares during the period. Morgan Stanley lifted its holdings in Republic Services by 38.6% during the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after acquiring an additional 1,490,719 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Republic Services by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after acquiring an additional 807,525 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 329,200 shares of the stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average cost of $223.27 per share, for a total transaction of $73,500,484.00. Following the purchase, the insider owned 115,021,527 shares of the company’s stock, valued at approximately $25,680,856,333.29. This represents a 0.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 4,217,545 shares of company stock valued at $926,720,260 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RSG shares. Barclays increased 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. Morgan Stanley set a $232.00 target price on Republic Services in a research note on Friday, August 7th. Citigroup raised their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Republic Services Stock Down 0.1%

Shares of Republic Services stock opened at $222.58 on Monday. The firm has a market cap of $68.16 billion, a PE ratio of 31.53, a P/E/G ratio of 3.69 and a beta of 0.40. The business’s 50 day simple moving average is $217.58 and its 200 day simple moving average is $215.13. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $233.77.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.36 billion. During the same quarter in the prior year, the firm posted $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. On average, analysts predict that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s payout ratio is 35.41%.

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.