Republic Services, Inc. $RSG Shares Sold by London Co. of Virginia

London Co. of Virginia lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 322,109 shares of the business services provider’s stock after selling 9,097 shares during the period. London Co. of Virginia’s holdings in Republic Services were worth $73,918,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Republic Services by 0.3% during the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock worth $4,384,757,000 after purchasing an additional 49,365 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Republic Services by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock worth $711,003,000 after purchasing an additional 409,142 shares during the period. Norges Bank acquired a new stake in shares of Republic Services during the second quarter worth $690,313,000. Franklin Resources Inc. lifted its position in shares of Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after buying an additional 218,114 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Republic Services by 21.3% in the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock valued at $573,443,000 after buying an additional 408,885 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RSG shares. UBS Group increased their price objective on shares of Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. The Goldman Sachs Group started 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. Sanford C. Bernstein raised their price target on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Bank of America reduced their price target on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average price target of $245.70.

Republic Services Trading Down 0.2%

Shares of NYSE:RSG opened at $223.93 on Tuesday. The company has a 50 day moving average of $219.60 and a 200-day moving average of $218.95. 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 firm has a market cap of $69.15 billion, a P/E ratio of 32.69, a P/E/G ratio of 3.71 and a beta of 0.54. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75.

Republic Services (NYSE:RSG) last posted its quarterly earnings data 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. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s payout ratio is currently 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.