Orion Porfolio Solutions LLC Increases Stock Holdings in Republic Services, Inc. $RSG

Orion Porfolio Solutions LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,083 shares of the business services provider’s stock after purchasing an additional 2,648 shares during the period. Orion Porfolio Solutions LLC’s holdings in Republic Services were worth $9,887,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Financial Consulate Inc. purchased a new stake in shares of Republic Services during the 3rd quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. NewSquare Capital LLC lifted its stake in shares of Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Republic Services during the 2nd quarter worth $33,000. Finally, Westside Investment Management Inc. increased its position in shares of Republic Services by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on RSG. The Goldman Sachs Group began coverage on shares of Republic Services in a research report on Monday, November 24th. They issued a “buy” rating and a $255.00 target price on the stock. Scotiabank decreased their price objective on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. UBS Group lifted their target price on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday. Citigroup upped their price target on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company started coverage on Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.70.

Republic Services Price Performance

Republic Services stock opened at $231.63 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The firm has a market cap of $71.53 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 3.82 and a beta of 0.54. The company’s 50 day moving average is $217.73 and its two-hundred day moving average is $219.55.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 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.