Kirtland Hills Capital Management LLC Makes New $2.15 Million Investment in Republic Services, Inc. $RSG

Kirtland Hills Capital Management LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the second quarter, Holdings Channel.com reports. The fund bought 10,068 shares of the business services provider’s stock, valued at approximately $2,145,000.

Several other hedge funds have also bought and sold shares of RSG. Bridgewater Advisors Inc. purchased a new position in Republic Services during the 2nd quarter valued at about $535,000. iA Global Asset Management Inc. lifted its holdings in shares of Republic Services by 18.5% in the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock worth $13,606,000 after buying an additional 10,000 shares in the last quarter. Norges Bank bought a new position in shares of Republic Services in the fourth quarter valued at approximately $617,165,000. Varma Mutual Pension Insurance Co grew its stake in Republic Services by 25.6% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock valued at $14,237,000 after acquiring an additional 13,700 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in Republic Services by 14.0% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 207,272 shares of the business services provider’s stock worth $43,927,000 after acquiring an additional 25,505 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RSG shares. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Morgan Stanley set a $232.00 price objective on shares of Republic Services in a research report on Friday, August 7th. Royal Bank Of Canada lifted their target price on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Barclays increased their price target on shares of Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, UBS Group lifted their price objective on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Stock Performance

NYSE:RSG opened at $220.45 on Friday. The stock has a market cap of $67.50 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 3.61 and a beta of 0.40. The firm’s fifty day simple moving average is $214.96 and its 200 day simple moving average is $215.05. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $237.06. 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 (NYSE:RSG) last posted its 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. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the company posted $1.77 EPS. The company’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. As a group, research analysts predict that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is currently 35.41%.

Insider Buying and Selling

In related news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director directly owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 261,664 shares of Republic Services stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $214.89 per share, for a total transaction of $56,228,976.96. Following the completion of the purchase, the insider owned 111,065,646 shares of the company’s stock, valued at $23,866,896,668.94. This trade represents a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 1,599,643 shares of company stock valued at $346,519,404. 0.12% of the stock is currently owned by company insiders.

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.