HighTower Advisors LLC Sells 2,723 Shares of Republic Services, Inc. $RSG

HighTower Advisors LLC lowered its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 63,305 shares of the business services provider’s stock after selling 2,723 shares during the period. HighTower Advisors LLC’s holdings in Republic Services were worth $13,489,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bell Investment Advisors Inc bought a new stake in Republic Services in the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC bought a new position in shares of Republic Services during the third quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Republic Services in the 2nd quarter worth approximately $27,000. Compass Financial Management LLC acquired a new stake in Republic Services during the 2nd quarter worth about $27,000. Finally, Prosperity Bancshares Inc acquired a new stake in Republic Services during the fourth quarter worth approximately $30,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 365,039 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was bought at an average price of $223.16 per share, with a total value of $81,462,103.24. Following the completion of the acquisition, the insider owned 115,756,830 shares of the company’s stock, valued at $25,832,294,182.80. This trade represents a 0.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders bought 4,952,848 shares of company stock valued at $1,091,421,414. Company insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $222.56 on Thursday. The firm’s 50 day moving average is $218.07 and its 200 day moving average is $215.18. The stock has a market capitalization of $68.15 billion, a P/E ratio of 31.52, a PEG ratio of 3.67 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $233.42. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. The firm had revenue of $4.43 billion for 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 company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, sell-side analysts anticipate that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a $0.67 dividend. The ex-dividend date 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 dividend payout ratio is currently 35.41%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RSG shares. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Morgan Stanley set a $232.00 target price on Republic Services in a research report on Friday, August 7th. Citigroup upped their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. UBS Group raised their price objective on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Barclays increased their target price on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Republic Services Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, offering scheduled and on-demand waste pickup, roll-off containers, transfer-station services and landfill disposal.

Its recycling and environmental services include the collection and processing of recyclable materials, organics management, waste reduction programs and related sustainability solutions.