Republic Services, Inc. $RSG Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,387 shares of the business services provider’s stock after selling 4,897 shares during the quarter. Republic Services makes up about 1.9% of Fulcrum Asset Management LLP’s portfolio, making the stock its 10th biggest holding. Fulcrum Asset Management LLP’s holdings in Republic Services were worth $6,744,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RSG. Vanguard Group Inc. boosted its position in Republic Services by 0.3% during the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock worth $4,384,757,000 after acquiring an additional 49,365 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Republic Services by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after acquiring an additional 409,142 shares during the last quarter. Norges Bank purchased a new position in Republic Services in the 2nd quarter worth approximately $690,313,000. Franklin Resources Inc. lifted its stake in Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after purchasing an additional 218,114 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Republic Services by 21.3% during the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

RSG stock opened at $222.29 on Thursday. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. 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 stock has a market cap of $68.64 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 3.72 and a beta of 0.54. The business has a fifty day moving average of $220.14 and a two-hundred day moving average of $218.91.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company’s quarterly revenue 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. As a group, research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current 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 paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 36.79%.

Wall Street Analysts Forecast Growth

RSG has been the subject of several recent research reports. The Goldman Sachs Group assumed coverage on Republic Services in a report on Monday, November 24th. They issued a “buy” rating and a $255.00 price target for the company. Wolfe Research began coverage on Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating on the stock. Oppenheimer cut their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Barclays set a $227.00 price target on shares of Republic Services in a research report on Monday, February 23rd. Finally, 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 report on Wednesday, February 18th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.40.

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.