Numerai GP LLC Purchases Shares of 34,576 Republic Services, Inc. $RSG

Numerai GP LLC acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 34,576 shares of the business services provider’s stock, valued at approximately $7,934,000. Republic Services accounts for approximately 1.1% of Numerai GP LLC’s investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bowen Hanes & Co. Inc. grew its holdings in shares of Republic Services by 7.3% in the second quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after purchasing an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Republic Services by 32.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after acquiring an additional 5,740 shares in the last quarter. National Pension Service increased its position in shares of Republic Services by 1.2% during the third quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock worth $174,094,000 after acquiring an additional 9,041 shares during the period. Bessemer Group Inc. raised its stake in shares of Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after acquiring an additional 730,287 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Republic Services by 60.0% in the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after purchasing an additional 4,750 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer cut their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Bank of America decreased their price objective on Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Sanford C. Bernstein upped their target price on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Morgan Stanley reduced their target price on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Finally, BMO Capital Markets lowered their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.70.

Republic Services Stock Down 0.2%

Shares of NYSE:RSG opened at $223.93 on Tuesday. The firm has a 50 day simple moving average of $219.60 and a 200-day simple moving average of $218.95. 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 $69.15 billion, a PE ratio of 32.69, a P/E/G ratio of 3.71 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 Announces Dividend

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 given a dividend of $0.625 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is 36.50%.

Republic Services 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.