Republic Services, Inc. $RSG Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 84.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,816 shares of the business services provider’s stock after selling 10,130 shares during the period. D.A. Davidson & CO.’s holdings in Republic Services were worth $385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. ANB Bank grew its stake 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. ORG Partners LLC lifted its holdings in Republic Services by 5.8% during the 3rd quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock worth $206,000 after buying an additional 49 shares during the last quarter. ICONIQ Capital LLC lifted its holdings in Republic Services by 3.3% during the 2nd quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock worth $384,000 after buying an additional 50 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in Republic Services by 1.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,766 shares of the business services provider’s stock worth $1,094,000 after buying an additional 51 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in Republic Services by 0.9% during the 3rd quarter. Merit Financial Group LLC now owns 5,651 shares of the business services provider’s stock worth $1,297,000 after buying an additional 52 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings downgraded Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Barclays set a $227.00 price target on Republic Services in a report on Monday, February 23rd. Scotiabank decreased their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. Robert W. Baird decreased their price target on Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Finally, Morgan Stanley cut their target price on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Republic Services has a consensus rating of “Hold” and an average price target of $244.67.

Republic Services Stock Down 1.3%

RSG opened at $203.82 on Wednesday. The business’s 50-day simple moving average is $218.47 and its 200-day simple moving average is $215.90. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The stock has a market capitalization of $62.97 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 3.43 and a beta of 0.43.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping 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 business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The business’s 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. Analysts anticipate that Republic Services, Inc. will post 7.22 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were given a dividend of $0.625 per share. The ex-dividend date was Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is 36.79%.

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.