Gotham Asset Management LLC Increases Position in Republic Services, Inc. $RSG

Gotham Asset Management LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 41.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,333 shares of the business services provider’s stock after purchasing an additional 46,446 shares during the quarter. Gotham Asset Management LLC owned approximately 0.05% of Republic Services worth $36,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Wealth lifted its position in shares of Republic Services by 1.9% during the 3rd quarter. Focus Partners Wealth now owns 130,631 shares of the business services provider’s stock valued at $29,977,000 after buying an additional 2,424 shares in the last quarter. Dean Capital Management increased its holdings in Republic Services by 18.6% in the 3rd quarter. Dean Capital Management now owns 8,109 shares of the business services provider’s stock worth $1,861,000 after acquiring an additional 1,274 shares in the last quarter. Earnest Partners LLC raised its position in Republic Services by 0.4% during the third quarter. Earnest Partners LLC now owns 1,099,855 shares of the business services provider’s stock worth $252,395,000 after acquiring an additional 4,668 shares during the period. Element Capital Management LLC purchased a new position in Republic Services during the third quarter valued at $501,000. Finally, Elevation Point Wealth Partners LLC lifted its holdings in Republic Services by 136.6% during the third quarter. Elevation Point Wealth Partners LLC now owns 2,626 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 1,516 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of research reports. Wolfe Research began coverage on shares of Republic Services in a research note on Friday. They set a “peer perform” rating for the company. Sanford C. Bernstein lifted their price objective on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Oppenheimer reduced their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Barclays set a $227.00 target price on Republic Services in a research report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.70.

Republic Services Price Performance

Republic Services stock opened at $224.50 on Monday. 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 company has a 50-day moving average price of $219.38 and a 200 day moving average price of $219.02. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The stock has a market cap of $69.32 billion, a P/E ratio of 32.77, a PEG ratio of 3.71 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, beating the consensus estimate of $1.62 by $0.14. The business had revenue of $4.14 billion during 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 quarter in the prior year, the company posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a $0.625 dividend. 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%.

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.