Victory Capital Management Inc. Grows Stock Holdings in Republic Services, Inc. $RSG

Victory Capital Management Inc. raised its stake in Republic Services, Inc. (NYSE:RSG) by 42.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,266,798 shares of the business services provider’s stock after buying an additional 379,948 shares during the period. Victory Capital Management Inc. owned approximately 0.41% of Republic Services worth $290,705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Republic Services in the second quarter valued at $690,313,000. Bessemer Group Inc. boosted its position in shares of Republic Services by 7,683.2% in the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after buying an additional 730,287 shares in the last quarter. M&G PLC grew its stake in Republic Services by 113.0% in the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock valued at $287,670,000 after acquiring an additional 617,939 shares during the last quarter. Qube Research & Technologies Ltd raised its position in Republic Services by 174.6% during the second quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after acquiring an additional 435,816 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Republic Services by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after purchasing an additional 409,142 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.8%

Shares of NYSE:RSG opened at $232.24 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The firm has a market cap of $71.72 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 3.80 and a beta of 0.54. The stock’s 50-day moving average price is $216.99 and its two-hundred day moving average price is $219.38. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75.

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

Republic Services Announces Dividend

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

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RSG. Morgan Stanley dropped their price objective on shares of 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. Sanford C. Bernstein raised their price target on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. UBS Group set a $220.00 price objective on Republic Services in a research report on Monday, January 5th. Barclays set a $227.00 price objective on Republic Services in a research report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.70.

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.