Republic Services, Inc. $RSG Shares Acquired by Rathbones Group PLC

Rathbones Group PLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,182 shares of the business services provider’s stock after acquiring an additional 9,611 shares during the quarter. Rathbones Group PLC’s holdings in Republic Services were worth $21,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of RSG. L2 Asset Management LLC increased its holdings in Republic Services by 5.0% during the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after purchasing an additional 43 shares during the period. ANB Bank grew its position in shares of Republic Services by 2.8% during the third quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock worth $388,000 after buying an additional 46 shares in the last quarter. Empirical Finance LLC grew its position in shares of Republic Services by 0.7% during the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after buying an additional 47 shares in the last quarter. ORG Partners LLC increased its stake in shares of Republic Services by 5.8% during the third quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock worth $206,000 after buying an additional 49 shares during the period. Finally, Richards Merrill & Peterson Inc. raised its holdings in Republic Services by 4.0% in the third quarter. Richards Merrill & Peterson Inc. now owns 1,291 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 50 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on RSG shares. 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 report on Wednesday, February 18th. Sanford C. Bernstein lifted 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 report on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. 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 price target on the stock. Finally, Citigroup upped their price objective on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.70.

Insider Activity

In other news, Director Katharine Weymouth bought 478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

Republic Services Stock Down 0.1%

Shares of NYSE:RSG opened at $231.33 on Monday. The firm has a 50 day simple moving average of $218.08 and a 200-day simple moving average of $219.32. 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 company has a market capitalization of $71.43 billion, a PE ratio of 33.77, a P/E/G ratio of 3.82 and a beta of 0.54.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 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 firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the firm posted $1.58 EPS. The company’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, equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s payout ratio is presently 36.50%.

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.