Republic Services, Inc. $RSG Shares Acquired by Earnest Partners LLC

Earnest Partners LLC boosted its position in Republic Services, Inc. (NYSE:RSG) by 0.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,099,855 shares of the business services provider’s stock after buying an additional 4,668 shares during the period. Republic Services accounts for approximately 1.1% of Earnest Partners LLC’s holdings, making the stock its 18th biggest holding. Earnest Partners LLC’s holdings in Republic Services were worth $252,395,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Republic Services in the 2nd quarter worth approximately $690,313,000. Bessemer Group Inc. raised its position in shares of Republic Services by 7,683.2% during the 3rd 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. Man Group plc lifted its stake in Republic Services by 380.1% during the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after purchasing an additional 528,540 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Republic Services by 93.3% in the third quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock worth $208,307,000 after purchasing an additional 438,219 shares during the period. Finally, Caisse de depot et placement du Quebec increased its stake in Republic Services by 49.1% during the third quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock valued at $304,480,000 after purchasing an additional 437,166 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.6%

Republic Services stock opened at $224.50 on Friday. 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 one year low of $201.42 and a one year high of $258.75. The company has a 50-day simple moving average of $219.38 and a 200-day simple moving average of $219.13. The firm has a market capitalization of $69.32 billion, a P/E ratio of 32.77, a P/E/G ratio of 3.70 and a beta of 0.54.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate 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. Republic Services’s quarterly revenue 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. As a group, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.1%. Republic Services’s payout ratio is currently 36.50%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RSG shares. Morgan Stanley reduced their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. 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. Barclays set a $227.00 target price on shares of Republic Services in a report on Monday, February 23rd. The Goldman Sachs Group began coverage on Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 target price for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.70.

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.