REPUBLIC SERVICES, INC.
In the published model solve dated 2026-Q2, anchored at $222.11, REPUBLIC SERVICES, INC. (RSG) is priced for +7.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Republic Services owns the one asset in waste that cannot be replicated, permitted landfill capacity, which is why it raises price above inflation almost every year and earns a 17% operating margin on collection, transfer, and disposal. • The counterintuitive part: even after weather and diesel hit Q1 2026, adjusted EBITDA margin still expanded 50 basis points to 32.1% on pricing discipline [Source: Republic Services Q1 2026 earnings release, May 2026]. • The watch item is pricing versus cost
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1,282 institutional managers reported holding RSG in 13F filings for the quarter ended 2026-03-31. Together they hold about 57% of the company; the top 10 hold 26%. 107 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 3.7M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (2.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RSG has cut its share count 3.3% over the past five years, spending $2.36B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 17 years straight; the current rate is $2.41 a share annually. Cash returned over the past three years: $1.94B in dividends and $1.95B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at RSG over the trailing three years: 2024: 2 buys totaling $115k; 2025: 2 buys totaling $1.10M. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RSG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +0.4% | -6.2% |
| 2023-10-28 | -1.1% | +12.9% |
| 2024-03-01 | +0.6% | +1.0% |
| 2024-05-02 | -3.8% | +3.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RSG's latest 8-K filings: 2026-08-06 (items 2.02, 7.01, 9.01); 2026-07-30 (items 8.01); 2026-06-24 (items 8.01, 9.01); 2026-05-11 (items 5.07); 2026-05-07 (items 2.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.