Vaughan Nelson Investment Management L.P. Reduces Stock Position in Republic Services, Inc. $RSG

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 100.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135 shares of the business services provider’s stock after selling 271,207 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Republic Services were worth $29,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Republic Services by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,735 shares of the business services provider’s stock worth $8,813,000 after buying an additional 1,290 shares during the last quarter. Fisher Asset Management LLC increased its position in Republic Services by 4.9% during the second quarter. Fisher Asset Management LLC now owns 6,217 shares of the business services provider’s stock valued at $1,533,000 after acquiring an additional 289 shares during the last quarter. Portfolio Design Labs LLC lifted its holdings in shares of Republic Services by 11.5% in the 2nd quarter. Portfolio Design Labs LLC now owns 16,323 shares of the business services provider’s stock worth $4,025,000 after acquiring an additional 1,682 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Republic Services during the 2nd quarter worth about $3,378,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RSG. Wolfe Research assumed coverage on shares of Republic Services in a research note on Friday, March 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company raised their price target on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Citigroup boosted their price objective on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Sanford C. Bernstein increased their target price on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Finally, Bank of America lowered 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. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.40.

Republic Services Price Performance

Shares of RSG stock opened at $219.22 on Wednesday. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. 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 stock has a fifty day simple moving average of $221.46 and a two-hundred day simple moving average of $218.02. The stock has a market capitalization of $67.73 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 3.67 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced its quarterly 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. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company 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 $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.50%.

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.