Tocqueville Asset Management L.P. Reduces Holdings in Republic Services, Inc. $RSG

Tocqueville Asset Management L.P. lowered its position in Republic Services, Inc. (NYSE:RSG) by 0.7% during the third quarter, HoldingsChannel reports. The firm owned 349,947 shares of the business services provider’s stock after selling 2,305 shares during the period. Republic Services comprises 1.2% of Tocqueville Asset Management L.P.’s holdings, making the stock its 13th biggest position. Tocqueville Asset Management L.P.’s holdings in Republic Services were worth $80,306,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Financial Consulate Inc. acquired a new stake in shares of Republic Services in the third quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in Republic Services during the 3rd quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Republic Services in the 2nd quarter valued at about $33,000. Finally, Westside Investment Management Inc. lifted its stake in Republic Services by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of analyst reports. Scotiabank dropped their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. UBS Group boosted their price objective on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. BMO Capital Markets cut their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Oppenheimer lowered their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.70.

Republic Services Trading Down 0.6%

NYSE RSG traded down $1.32 during trading on Friday, hitting $224.46. The stock had a trading volume of 161,061 shares, compared to its average volume of 1,405,490. 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 company has a market capitalization of $69.31 billion, a PE ratio of 32.79, a PEG ratio of 3.70 and a beta of 0.54. The firm has a 50 day moving average price of $219.09 and a 200 day moving average price 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 issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.14. The business had revenue of $4.14 billion for 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 quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. 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 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.50%.

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.