R Squared Ltd Trims Stake in Republic Services, Inc. $RSG

R Squared Ltd lowered its position in Republic Services, Inc. (NYSE:RSG) by 66.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,681 shares of the business services provider’s stock after selling 5,218 shares during the period. R Squared Ltd’s holdings in Republic Services were worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of RSG. Brighton Jones LLC boosted its holdings in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the period. Transcend Capital Advisors LLC purchased a new stake in Republic Services in the second quarter worth $274,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Republic Services during the second quarter worth $404,000. Advisory Alpha LLC grew its holdings in shares of Republic Services by 29.1% in the second quarter. Advisory Alpha LLC now owns 1,346 shares of the business services provider’s stock worth $332,000 after purchasing an additional 303 shares during the last quarter. Finally, Howard Capital Management Inc. increased its stake in Republic Services by 28.3% in the 2nd quarter. Howard Capital Management Inc. now owns 1,370 shares of the business services provider’s stock worth $338,000 after buying an additional 302 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RSG shares. Sanford C. Bernstein boosted their price objective on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Citigroup lifted their price target on shares of Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday. Scotiabank dropped their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Finally, Stifel Nicolaus lowered their target price on Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a report on Friday, October 31st. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.62.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $224.27 on Friday. The firm has a 50 day moving average of $215.94 and a 200 day moving average of $219.65. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $69.25 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 3.66 and a beta of 0.54. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business 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 earnings per share 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. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. 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 dividend payout ratio is presently 36.50%.

Insider Activity

In other news, Director Katharine Weymouth acquired 478 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price 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 approximately $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

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.