GSA Capital Partners LLP Sells 8,431 Shares of Republic Services, Inc. $RSG

GSA Capital Partners LLP lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 84.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,516 shares of the business services provider’s stock after selling 8,431 shares during the period. GSA Capital Partners LLP’s holdings in Republic Services were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Consulate Inc. bought a new position in Republic Services during the 3rd quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. NewSquare Capital LLC boosted its position in shares of Republic Services by 68.5% during the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Republic Services in the 2nd quarter valued at $33,000. Finally, Westside Investment Management Inc. raised its stake in Republic Services by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after buying an additional 86 shares during the period. 57.73% of the stock is owned by institutional investors.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth purchased 478 shares of Republic Services stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the transaction, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $224.27 on Friday. The company has a 50 day moving average of $215.94 and a 200-day moving average of $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 stock has a market capitalization of $69.25 billion, a P/E ratio of 32.74, a P/E/G 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 announced its 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 net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the company 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. As a group, 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 announced 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. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is currently 36.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Scotiabank decreased their target price on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Morgan Stanley decreased their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Robert W. Baird set a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. Finally, Citigroup increased their price objective on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.62.

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.