Saudi Central Bank Raises Holdings in Republic Services, Inc. $RSG

Saudi Central Bank boosted its position in Republic Services, Inc. (NYSE:RSG) by 75.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,057 shares of the business services provider’s stock after acquiring an additional 6,059 shares during the quarter. Saudi Central Bank’s holdings in Republic Services were worth $2,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its holdings in shares of Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 45 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of Republic Services by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock valued at $397,000 after purchasing an additional 46 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Republic Services by 0.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after buying an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its holdings in Republic Services by 2.6% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after purchasing an additional 49 shares during the last quarter. Finally, ICONIQ Capital LLC lifted its stake in shares of Republic Services by 3.3% during the 2nd quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock worth $384,000 after buying an additional 50 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RSG shares. Citigroup lifted their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research report on Friday, August 7th. 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 research 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 company a “neutral” rating in a research note on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Insiders Place Their Bets

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 329,200 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of $223.27 per share, for a total transaction of $73,500,484.00. Following the transaction, the insider owned 115,021,527 shares in the company, valued at $25,680,856,333.29. The trade was a 0.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 4,217,545 shares of company stock worth $926,720,260. Insiders own 0.12% of the company’s stock.

Republic Services Trading Down 0.1%

NYSE RSG opened at $222.58 on Tuesday. The company has a market cap of $68.16 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $233.77. 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 business’s fifty day moving average is $217.74 and its 200 day moving average is $215.14.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior 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 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 dividend of $0.67 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio is 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.