R Squared Ltd Trims Holdings in Republic Services, Inc. $RSG

R Squared Ltd lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 66.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,681 shares of the business services provider’s stock after selling 5,218 shares during the quarter. R Squared Ltd’s holdings in Republic Services were worth $615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor OS LLC lifted its stake in shares of Republic Services by 7.0% during the 3rd quarter. Advisor OS LLC now owns 4,458 shares of the business services provider’s stock valued at $1,023,000 after buying an additional 291 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Republic Services by 3.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 419,387 shares of the business services provider’s stock valued at $96,241,000 after acquiring an additional 13,121 shares in the last quarter. AlphaCore Capital LLC boosted its stake in shares of Republic Services by 17.8% in the third quarter. AlphaCore Capital LLC now owns 1,771 shares of the business services provider’s stock worth $406,000 after acquiring an additional 268 shares during the period. RWA Wealth Partners LLC grew its position in shares of Republic Services by 572.6% during the third quarter. RWA Wealth Partners LLC now owns 10,796 shares of the business services provider’s stock worth $2,477,000 after purchasing an additional 9,191 shares in the last quarter. Finally, Mount Lucas Management LP raised its stake in Republic Services by 3.1% during the 3rd quarter. Mount Lucas Management LP now owns 5,648 shares of the business services provider’s stock valued at $1,296,000 after purchasing an additional 172 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group set a $248.00 price target on Republic Services and gave the stock a “buy” rating in a research note on Monday, November 3rd. Sanford C. Bernstein upped 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. Stifel Nicolaus reduced their price target on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company assumed coverage on shares of Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 price objective for the company. Fourteen 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.62.

Republic Services Stock Performance

Republic Services stock opened at $224.27 on Friday. The company’s 50-day moving average price is $215.94 and its 200-day moving average price is $219.65. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a market cap of $69.25 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 3.66 and a beta of 0.54. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $1.58 earnings per share. The firm’s 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. On average, equities research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio is presently 36.50%.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average cost 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 in the company, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

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.