Spire Wealth Management Trims Holdings in Republic Services, Inc. $RSG

Spire Wealth Management lowered its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 48.0% in the fourth quarter, Holdings Channel reports. The firm owned 4,867 shares of the business services provider’s stock after selling 4,500 shares during the quarter. Spire Wealth Management’s holdings in Republic Services were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of RSG. Brighton Jones LLC boosted its stake in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Republic Services by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,735 shares of the business services provider’s stock valued at $8,813,000 after acquiring an additional 1,290 shares during the period. Fisher Asset Management LLC raised its stake in Republic Services by 4.9% during the 2nd quarter. Fisher Asset Management LLC now owns 6,217 shares of the business services provider’s stock valued at $1,533,000 after acquiring an additional 289 shares during the last quarter. Portfolio Design Labs LLC raised its stake in Republic Services by 11.5% during the 2nd quarter. Portfolio Design Labs LLC now owns 16,323 shares of the business services provider’s stock valued at $4,025,000 after acquiring an additional 1,682 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Republic Services during the 2nd quarter worth approximately $3,378,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RSG shares. Wells Fargo & Company boosted their target price on Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Sanford C. Bernstein lifted their price objective on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Oppenheimer dropped their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Barclays set a $227.00 target price on shares of Republic Services in a research note on Monday, February 23rd. Finally, Morgan Stanley dropped their price target on shares of 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. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $246.40.

Republic Services Trading Down 1.1%

NYSE:RSG opened at $219.22 on Wednesday. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a fifty day moving average price of $221.46 and a two-hundred day moving average price of $218.02. The stock has a market capitalization of $67.73 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.67 and a beta of 0.54.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is 36.50%.

Republic Services 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.