DNB Asset Management AS Has $11.32 Million Stock Position in Republic Services, Inc. $RSG

DNB Asset Management AS lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 49.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 49,345 shares of the business services provider’s stock after selling 47,693 shares during the quarter. DNB Asset Management AS’s holdings in Republic Services were worth $11,324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Republic Services in the second quarter valued at approximately $404,000. Jennison Associates LLC grew its holdings in Republic Services by 4.2% during the 2nd quarter. Jennison Associates LLC now owns 63,754 shares of the business services provider’s stock worth $15,722,000 after acquiring an additional 2,586 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Republic Services by 6.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,016 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 120 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of Republic Services in the 2nd quarter worth $253,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Up 1.9%

NYSE:RSG opened at $228.85 on Friday. 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, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The company has a market cap of $70.67 billion, a PE ratio of 33.41, a PEG ratio of 3.78 and a beta of 0.54. The stock has a 50-day simple moving average of $216.26 and a 200 day simple moving average of $219.50.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm’s revenue 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, sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.50%.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth acquired 478 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were bought at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 target price on the stock. Scotiabank cut their price target on shares of 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. UBS Group set a $220.00 price objective on shares of Republic Services in a research note on Monday, January 5th. Wells Fargo & Company assumed coverage on shares of Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 target price for the company. Finally, Citigroup lifted their price target on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.62.

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.