Republic Services, Inc. $RSG Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP decreased its position in Republic Services, Inc. (NYSE:RSG) by 14.3% during the third quarter, Holdings Channel reports. The firm owned 29,387 shares of the business services provider’s stock after selling 4,897 shares during the quarter. Republic Services comprises 1.9% of Fulcrum Asset Management LLP’s portfolio, making the stock its 10th largest holding. Fulcrum Asset Management LLP’s holdings in Republic Services were worth $6,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Consulate Inc. purchased a new stake in shares of Republic Services in the 3rd quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in Republic Services during the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in 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 valued at $28,000 after acquiring an additional 67 shares during the period. Ameriflex Group Inc. acquired a new position in Republic Services in the 3rd quarter valued at about $29,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in Republic Services during the second quarter worth about $33,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Down 1.1%

NYSE RSG opened at $222.29 on Thursday. The firm’s fifty day moving average price is $220.14 and its 200 day moving average price is $218.91. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 3.72 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 (EPS) for the quarter, topping the consensus estimate 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 posted $1.58 earnings per share. The business’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. On average, sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

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 given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s payout ratio is 36.79%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RSG. Wells Fargo & Company raised their price objective on shares of Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday. 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. Scotiabank decreased their price target on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Finally, Oppenheimer reduced their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $246.40.

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.