Segall Bryant & Hamill LLC Sells 12,164 Shares of Republic Services, Inc. $RSG

Segall Bryant & Hamill LLC trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 24.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,970 shares of the business services provider’s stock after selling 12,164 shares during the period. Segall Bryant & Hamill LLC’s holdings in Republic Services were worth $8,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. L2 Asset Management LLC raised its holdings in shares of Republic Services by 5.0% in the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after acquiring an additional 43 shares during the last quarter. ANB Bank increased its holdings in Republic Services by 2.8% during the 3rd quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock worth $388,000 after purchasing an additional 46 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after purchasing an additional 47 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Republic Services by 5.8% in the third quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 49 shares in the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of Republic Services by 68.5% during the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth bought 478 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the transaction, the director directly owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RSG has been the topic of several recent analyst reports. Morgan Stanley dropped their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. The Goldman Sachs Group began coverage on shares of Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Barclays set a $227.00 target price on shares of Republic Services in a research report on Monday, February 23rd. Finally, Citigroup upped their target price on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $244.70.

Republic Services Trading Down 0.3%

NYSE:RSG opened at $231.54 on Thursday. Republic Services, Inc. has a 12 month low of $201.42 and a 12 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 firm’s 50 day moving average is $217.36 and its 200 day moving average is $219.47. The stock has a market capitalization of $71.50 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 3.84 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced 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. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.Republic Services’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. 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 year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors 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 yield of 1.1%. The ex-dividend date 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.