Natixis Advisors LLC Buys 16,027 Shares of Republic Services, Inc. $RSG

Natixis Advisors LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 8.6% during the third quarter, HoldingsChannel.com reports. The fund owned 203,444 shares of the business services provider’s stock after acquiring an additional 16,027 shares during the period. Natixis Advisors LLC’s holdings in Republic Services were worth $46,687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Republic Services during the 2nd quarter valued at about $690,313,000. Bessemer Group Inc. increased its stake in shares of Republic Services by 7,683.2% in the third 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 during the period. M&G PLC raised its stake in shares of Republic Services by 113.0% during the second 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 lifted its holdings in Republic Services by 174.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after buying an additional 435,816 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Republic Services by 15.2% during 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 acquiring an additional 409,142 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.3%

NYSE:RSG opened at $230.34 on Tuesday. 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 market cap of $71.13 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 3.82 and a beta of 0.54. The stock has a fifty day simple moving average of $218.40 and a 200-day simple moving average of $219.29. 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 data 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Analysts anticipate that Republic Services, Inc. will post 6.86 EPS 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 given 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 payout ratio is currently 36.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RSG. Scotiabank lowered 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. UBS Group raised their price target on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Citigroup upped their price target on shares of Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Barclays set a $227.00 target price on shares of Republic Services in a research report on Monday, February 23rd. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $245.70.

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.