Martingale Asset Management L P Sells 18,642 Shares of Republic Services, Inc. $RSG

Martingale Asset Management L P cut its position in Republic Services, Inc. (NYSE:RSG) by 15.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,022 shares of the business services provider’s stock after selling 18,642 shares during the quarter. Martingale Asset Management L P’s holdings in Republic Services were worth $23,871,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Republic Services during the second quarter worth $690,313,000. Bessemer Group Inc. grew its stake in shares of Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after acquiring an additional 730,287 shares in the last quarter. BNP Paribas Financial Markets increased its position in Republic Services by 93.3% during the third quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock worth $208,307,000 after acquiring an additional 438,219 shares during the period. Qube Research & Technologies Ltd raised its stake in Republic Services by 174.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after purchasing an additional 435,816 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Republic Services by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock worth $711,003,000 after purchasing an additional 409,142 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of Republic Services stock opened at $226.03 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a market cap of $69.80 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 3.70 and a beta of 0.54. The company has a 50 day moving average of $219.09 and a 200-day moving average of $219.29. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the firm posted $1.58 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. 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 fiscal year.

Republic Services Dividend Announcement

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

Wall Street Analyst Weigh In

RSG has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on shares of Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 target price on the stock. Citigroup boosted their price target on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Scotiabank reduced their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 21st. Barclays set a $227.00 price objective on Republic Services in a report on Monday, February 23rd. Finally, Morgan Stanley cut their target price on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.70.

Republic Services Company 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.