Quantbot Technologies LP Raises Stake in Republic Services, Inc. $RSG

Quantbot Technologies LP raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 79.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,599 shares of the business services provider’s stock after buying an additional 10,902 shares during the quarter. Quantbot Technologies LP’s holdings in Republic Services were worth $5,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSG. Creative Financial Designs Inc. ADV grew its stake in Republic Services by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 3,195 shares of the business services provider’s stock valued at $733,000 after acquiring an additional 63 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Republic Services in the 3rd quarter valued at $1,528,000. Handelsbanken Fonder AB grew its position in shares of Republic Services by 4.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 128,231 shares of the business services provider’s stock valued at $29,426,000 after purchasing an additional 5,642 shares in the last quarter. Generali Investments Management Co LLC increased its holdings in shares of Republic Services by 385.7% in the third quarter. Generali Investments Management Co LLC now owns 2,618 shares of the business services provider’s stock worth $601,000 after purchasing an additional 2,079 shares during the period. Finally, Andra AP fonden raised its position in shares of Republic Services by 47.1% in the third quarter. Andra AP fonden now owns 136,500 shares of the business services provider’s stock worth $31,324,000 after buying an additional 43,700 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Katharine Weymouth purchased 478 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the purchase, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

Republic Services Trading Up 1.9%

Shares of RSG opened at $228.85 on Friday. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The firm has a market cap of $70.67 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 3.78 and a beta of 0.54. The firm has a 50 day moving average price of $216.26 and a 200-day moving average price of $219.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.62 by $0.14. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s payout ratio is 36.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RSG shares. Wells Fargo & Company initiated coverage on Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price for the company. BMO Capital Markets cut their price objective on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Scotiabank lowered their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. UBS Group set a $220.00 target price on shares of Republic Services in a research report on Monday, January 5th. Finally, Oppenheimer decreased their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average target price of $245.62.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.