5 Best Waste Management Stocks to Buy Now

3. Republic Services, Inc. (NYSE:RSG)

Number of Hedge Fund Holders: 37

Republic Services, Inc. (NYSE:RSG) provides a range of environmental services across the United States. The company’s activities involve the collection and processing of recyclables, solid waste, and industrial waste. Republic Services, Inc. (NYSE:RSG) is responsible for transporting and safely disposing of both non-hazardous and hazardous waste materials. On October 27, Republic Services, Inc. (NYSE:RSG) declared a $0.535 per share quarterly dividend, in-line with previous. The dividend is to be paid on January 16, 2024 to shareholders of record as of January 2.

According to Insider Monkey’s second quarter database, 37 hedge funds were bullish on Republic Services, Inc. (NYSE:RSG), in contrast to the prior quarter when 40 funds had invested in the stock. Ian Simm’s Impax Asset Management held the largest position in the company, with 2.35 million shares valued at $360.52 million.

The London Company Large Cap Strategy made the following comment about Republic Services, Inc. (NYSE:RSG) in its second quarter 2023 investor letter:

“Initiated: Republic Services, Inc. (NYSE:RSG) – RSG is the 2nd largest waste management company in North America. It generates consistent, predictable cash flows with over 80% of its revenues being annuity-like. RSG holds almost 25% of the landfill capacity in the U.S. Industry consolidation and the limited availability of landfills, on top of high transportation costs, have created local duopolies for landfill owners in their respective markets and increased returns. We’re attracted to RSG’s leading position in a stable business with a high degree of recurring revenue, and we believe the company is at an inflection point with its pricing strategy and landfill asset utilization. RSG has a solid balance sheet along with an experienced and shareholder friendly management team.”