Republic Services, Inc. $RSG Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 41.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,333 shares of the business services provider’s stock after buying an additional 46,446 shares during the period. Gotham Asset Management LLC’s holdings in Republic Services were worth $36,564,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RSG. Financial Consulate Inc. acquired a new stake in shares of Republic Services during the third quarter valued at about $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Republic Services by 121.8% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Ameriflex Group Inc. acquired a new stake in Republic Services in the 3rd quarter valued at approximately $29,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in Republic Services in the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of several research analyst reports. Citigroup raised their price target on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Wolfe Research started coverage on Republic Services in a research note on Friday. They set a “peer perform” rating on the stock. The Goldman Sachs Group assumed coverage on Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 target price for the company. BMO Capital Markets cut their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Finally, Sanford C. Bernstein increased their price target 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. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.70.

Republic Services Trading Down 0.6%

RSG opened at $224.50 on Monday. The business has a fifty day moving average price of $219.38 and a 200 day moving average price of $219.02. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75. The stock has a market capitalization of $69.32 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 3.71 and a beta of 0.54.

Republic Services (NYSE:RSG) last posted 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. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the company earned $1.58 EPS. Republic Services’s revenue for the quarter was up 2.2% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share 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 issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s payout ratio is 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.