Royal London Asset Management Ltd. Lowers Holdings in Republic Services, Inc. $RSG

Royal London Asset Management Ltd. trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 107,322 shares of the business services provider’s stock after selling 2,401 shares during the period. Royal London Asset Management Ltd.’s holdings in Republic Services were worth $22,868,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RSG. Mufg Securities Americas Inc. lifted its stake in shares of Republic Services by 8.2% in the second quarter. Mufg Securities Americas Inc. now owns 6,024 shares of the business services provider’s stock worth $1,284,000 after buying an additional 456 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Republic Services by 6.1% during the second quarter. Van ECK Associates Corp now owns 35,473 shares of the business services provider’s stock valued at $7,559,000 after acquiring an additional 2,031 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Republic Services by 9.1% in the 2nd quarter. Hsbc Holdings PLC now owns 436,976 shares of the business services provider’s stock worth $93,210,000 after acquiring an additional 36,403 shares during the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in Republic Services in the 2nd quarter valued at approximately $19,904,000. Finally, Fox Hill Wealth Management purchased a new stake in Republic Services during the 2nd quarter valued at $221,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on RSG. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research note on Friday, May 8th. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Barclays boosted their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, UBS Group lifted their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.26.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. purchased 284,600 shares of Republic Services stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $219.52 per share, for a total transaction of $62,475,392.00. Following the completion of the transaction, the insider directly owned 113,935,127 shares in the company, valued at $25,011,039,079.04. This represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 3,131,145 shares of company stock worth $685,244,030 over the last three months. Insiders own 0.12% of the company’s stock.

Key Republic Services News

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

Republic Services Price Performance

NYSE RSG opened at $222.24 on Monday. The company has a 50-day moving average price of $216.42 and a 200-day moving average price of $215.13. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $68.05 billion, a P/E ratio of 31.48, a PEG ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share 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 of this dividend is Friday, October 2nd. 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. Republic Services’s payout ratio is 37.96%.

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.