BlackRock Amends Republic Services Stake (SC 13G/A)

TL;DR

**BlackRock updated its Republic Services stake, signaling a potential shift in institutional sentiment.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating a change in its ownership stake in Republic Services, Inc. as of December 31, 2023. This filing, Amendment No. 8, updates BlackRock's previously reported holdings of Republic Services' Common Stock. For investors, this matters because BlackRock is a major institutional investor, and changes in its position can signal shifts in confidence or strategy regarding Republic Services, potentially influencing other investors' perceptions and the stock's performance.

Why It Matters

Large institutional investors like BlackRock often conduct extensive research; their buying or selling activity can be seen as a vote of confidence or concern, influencing market sentiment and the stock price.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently indicate significant risk, but rather a change in ownership percentage.

Analyst Insight

Investors should monitor subsequent filings or news from BlackRock to understand the specific change in their stake and consider if it aligns with their own investment thesis for Republic Services, Inc.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• Republic Services, Inc. (company) — the subject company whose securities are being reported
• January 29, 2024 (date) — the filing date of the SC 13G/A
• December 31, 2023 (date) — the date of the event which required the filing
• Amendment No. 8 (number) — the specific amendment number for this filing

FAQ

From the Filing

0001086364-24-005106.txt : 20240129 0001086364-24-005106.hdr.sgml : 20240129 20240129152624 ACCESSION NUMBER: 0001086364-24-005106 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC SERVICES, INC. CENTRAL INDEX KEY: 0001060391 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 650716904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54333 FILM NUMBER: 24573092 BUSINESS ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 BUSINESS PHONE: 480 627 2700 MAIL ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 FORMER COMPANY: FORMER CONFORMED NAME: REPUBLIC SERVICES INC DATE OF NAME CHANGE: 19980423 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us7607591002_012924.txt us7607591002_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) REPUBLIC SERVICES INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 760759100 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 760759100 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 18205659 (6) Shared voting power 0 (7) Sole dispositive power 19687793 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 19687793 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- REPUBLIC SERVICES INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 18500 N. ALLIED WAY PHOENIX AZ 85054 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or