Aventail Capital Group LP Makes New Investment in Republic Services, Inc. $RSG

Aventail Capital Group LP purchased a new stake in Republic Services, Inc. (NYSE:RSG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,602 shares of the business services provider’s stock, valued at approximately $1,974,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares during the last quarter. Allworth Financial LP boosted its position in Republic Services by 33.9% during the 2nd quarter. Allworth Financial LP now owns 1,767 shares of the business services provider’s stock worth $436,000 after acquiring an additional 447 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Republic Services by 6.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the business services provider’s stock worth $310,000 after acquiring an additional 78 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Republic Services by 2.7% in the second quarter. PNC Financial Services Group Inc. now owns 51,614 shares of the business services provider’s stock valued at $12,728,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Candriam S.C.A. lifted its position in shares of Republic Services by 16.0% in the second quarter. Candriam S.C.A. now owns 14,808 shares of the business services provider’s stock worth $3,652,000 after purchasing an additional 2,046 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG opened at $224.50 on Friday. The company has a market cap of $69.32 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 3.70 and a beta of 0.54. The firm has a 50-day moving average of $219.38 and a 200-day moving average of $219.13. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last issued its earnings results 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 company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the firm earned $1.58 EPS. Republic Services’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 analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given 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 dividend payout ratio (DPR) is presently 36.50%.

Analyst Ratings Changes

RSG has been the subject of a number of analyst reports. Oppenheimer decreased their target price on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Sanford C. Bernstein increased their price objective on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Wolfe Research initiated coverage on Republic Services in a report on Friday. They issued a “peer perform” rating for the company. Morgan Stanley dropped their target price on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.