Victory Capital Management Inc. Boosts Position in Republic Services, Inc. $RSG

Victory Capital Management Inc. grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 42.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,266,798 shares of the business services provider’s stock after purchasing an additional 379,948 shares during the period. Victory Capital Management Inc.’s holdings in Republic Services were worth $290,705,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Financial Consulate Inc. purchased a new stake in shares of Republic Services during the third quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Republic Services by 121.8% during 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 acquiring an additional 67 shares in the last quarter. NewSquare Capital LLC increased its position in shares of Republic Services by 68.5% during the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after acquiring an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Republic Services in the second quarter worth about $33,000. Finally, Westside Investment Management Inc. boosted its holdings in Republic Services by 100.0% in the third quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock valued at $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

In other news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the transaction, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Republic Services Trading Up 0.8%

Republic Services stock opened at $232.24 on Wednesday. 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 1 year low of $201.42 and a 1 year high of $258.75. The firm’s 50-day moving average is $216.99 and its 200-day moving average is $219.38. The company has a market cap of $71.72 billion, a P/E ratio of 33.90, a PEG ratio of 3.80 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced its quarterly earnings results 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 analysts’ expectations of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced 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 presently 36.50%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RSG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. The Goldman Sachs Group began coverage on shares of Republic Services in a report on Monday, November 24th. They issued a “buy” rating and a $255.00 price target on the stock. UBS Group set a $220.00 price objective on shares of Republic Services in a report on Monday, January 5th. Sanford C. Bernstein upped their target price on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Finally, Oppenheimer decreased their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.70.

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.