8,117 Shares in Republic Services, Inc. $RSG Purchased by Sawyer & Company Inc

Sawyer & Company Inc acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,117 shares of the business services provider’s stock, valued at approximately $1,704,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Focus Financial Network Inc. boosted 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 in the last quarter. Secure Asset Management LLC increased its stake in shares of Republic Services by 3.3% in the 3rd quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 47 shares during the last quarter. AlphaCentric Advisors LLC boosted its stake in Republic Services by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after buying an additional 50 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Republic Services by 47.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 52 shares during the last quarter. Finally, Burford Brothers Inc. grew its position in Republic Services by 2.8% in the second quarter. Burford Brothers Inc. now owns 1,944 shares of the business services provider’s stock valued at $414,000 after acquiring an additional 53 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Down 1.1%

Shares of RSG traded down $2.51 during trading hours on Wednesday, hitting $230.47. 498,128 shares of the stock were exchanged, compared to its average volume of 1,524,951. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $233.42. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50-day moving average of $219.20 and a 200-day moving average of $214.17. The firm has a market capitalization of $70.57 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 3.68 and a beta of 0.39.

Republic Services (NYSE:RSG) last announced its 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. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 earnings per share. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts expect that Republic Services, Inc. will post 7.26 EPS for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were given a $0.67 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is 37.96%.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $221.49 per share, for a total transaction of $90,700,155.00. Following the transaction, the insider directly owned 116,166,330 shares in the company, valued at approximately $25,729,680,431.70. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders bought 6,254,462 shares of company stock valued at $1,380,321,958. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

RSG has been the subject of several research analyst reports. Raymond James Financial set a $235.00 target price on Republic Services in a research note on Friday, October 9th. Wolfe Research assumed coverage on shares of Republic Services in a research note on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Robert W. Baird upped their price objective on shares of Republic Services from $233.00 to $235.00 in a research report on Friday, August 7th. Finally, UBS Group increased 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.27.

About Republic Services

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.