Earnest Partners LLC Raises Stake in Republic Services, Inc. $RSG

Earnest Partners LLC boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 0.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,099,855 shares of the business services provider’s stock after buying an additional 4,668 shares during the period. Republic Services makes up about 1.1% of Earnest Partners LLC’s investment portfolio, making the stock its 18th largest position. Earnest Partners LLC owned 0.36% of Republic Services worth $252,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the period. Allworth Financial LP increased its holdings in Republic Services by 33.9% in the 2nd quarter. Allworth Financial LP now owns 1,767 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 447 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Republic Services by 6.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 78 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Republic Services by 2.7% in the second quarter. PNC Financial Services Group Inc. now owns 51,614 shares of the business services provider’s stock valued at $12,728,000 after purchasing an additional 1,342 shares during the period. Finally, Candriam S.C.A. lifted its stake in shares of Republic Services by 16.0% during the second quarter. Candriam S.C.A. now owns 14,808 shares of the business services provider’s stock worth $3,652,000 after purchasing an additional 2,046 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley lowered their target price on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. UBS Group lifted their price objective on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Sanford C. Bernstein upped their target price on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Finally, Barclays set a $227.00 price target on shares of Republic Services in a report on Monday, February 23rd. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $245.70.

Republic Services Price Performance

Shares of NYSE RSG opened at $224.50 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The business has a 50 day moving average price of $219.38 and a two-hundred day moving average price of $219.13. The firm has a market cap of $69.32 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 3.70 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $1.58 EPS. Republic Services’s quarterly 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. Sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.625 per share. 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 dividend payout ratio is 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.