Wedge Capital Management L L P NC Sells 6,517 Shares of Republic Services, Inc. $RSG

Wedge Capital Management L L P NC cut its position in Republic Services, Inc. (NYSE:RSG) by 20.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,654 shares of the business services provider’s stock after selling 6,517 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Republic Services were worth $5,225,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new stake in Republic Services in the third quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new position in shares of Republic Services during the third quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Republic Services in the 3rd quarter valued at $29,000. Finally, Westside Investment Management Inc. increased its stake in Republic Services by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 86 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

NYSE RSG opened at $215.78 on Friday. The company has a fifty day moving average price of $221.07 and a 200-day moving average price of $218.23. The firm has a market cap of $66.67 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 3.57 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75.

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 analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $1.58 EPS. The firm’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 research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm 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 $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio is 36.50%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Sanford C. Bernstein boosted their target price on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Wolfe Research assumed coverage on shares of Republic Services in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lifted their price target on Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Finally, Bank of America lowered their price objective on Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.40.

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.