Oak Thistle LLC Acquires Shares of 11,419 Republic Services, Inc. $RSG

Oak Thistle LLC acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 4th quarter, Holdings Channel reports. The firm acquired 11,419 shares of the business services provider’s stock, valued at approximately $2,420,000.

Several other institutional investors have also bought and sold shares of RSG. Brighton Jones LLC lifted its position in Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares during the last quarter. CW Advisors LLC lifted its position in Republic Services by 85.6% during the second quarter. CW Advisors LLC now owns 4,279 shares of the business services provider’s stock valued at $1,055,000 after purchasing an additional 1,973 shares during the last quarter. Avestar Capital LLC bought a new position in Republic Services during the second quarter valued at $206,000. Federated Hermes Inc. lifted its position in Republic Services by 23.2% during the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after purchasing an additional 3,303 shares during the last quarter. Finally, Natixis lifted its position in Republic Services by 12.8% during the second quarter. Natixis now owns 64,570 shares of the business services provider’s stock valued at $15,924,000 after purchasing an additional 7,341 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.3%

Shares of Republic Services stock opened at $220.21 on Wednesday. The firm’s 50 day moving average price is $221.94 and its 200-day moving average price is $217.84. 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 company has a market cap of $68.04 billion, a P/E ratio of 32.15, a PEG ratio of 3.70 and a beta of 0.53.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (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 analyst estimates of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS 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. Shareholders 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 dividend on an annualized basis and a yield of 1.1%. Republic Services’s payout ratio is currently 36.79%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Oppenheimer lowered their target price on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Sanford C. Bernstein upped their price objective on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. BMO Capital Markets cut their price objective 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. Wolfe Research assumed coverage on shares of Republic Services in a report on Friday, March 13th. They set a “peer perform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a report on Friday, March 27th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $246.40.

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.