Tounjian Advisory Partners LLC Acquires Shares of 6,002 Republic Services, Inc. $RSG

Tounjian Advisory Partners LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) in the 4th quarter, Holdings Channel reports. The firm acquired 6,002 shares of the business services provider’s stock, valued at approximately $1,272,000.

A number of other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Republic Services in the 2nd quarter valued at approximately $690,313,000. Bessemer Group Inc. grew its stake in 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 worth $169,768,000 after purchasing an additional 730,287 shares during the period. Man Group plc grew its stake in Republic Services by 380.1% in the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after purchasing an additional 528,540 shares during the period. BNP Paribas Financial Markets raised its holdings in Republic Services by 93.3% in the third quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock worth $208,307,000 after purchasing an additional 438,219 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its position in Republic Services by 49.1% during the third quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock valued at $304,480,000 after buying an additional 437,166 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RSG shares. Wolfe Research started coverage on shares of Republic Services in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. Morgan Stanley lowered their price target on shares of 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. Wells Fargo & Company upped their price objective on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America decreased their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Finally, BMO Capital Markets dropped their price target on Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.40.

Republic Services Price Performance

RSG opened at $219.57 on Friday. The firm has a market cap of $67.80 billion, a PE ratio of 32.05, a P/E/G ratio of 3.63 and a beta of 0.54. The stock has a 50-day moving average price of $220.51 and a 200-day moving average price of $218.74. Republic Services, Inc. has a 1 year low of $201.42 and a 1 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 announced its quarterly earnings data 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 the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. Republic Services’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is 36.79%.

About Republic Services

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.