Republic Services, Inc. $RSG Shares Sold by Spire Wealth Management

Spire Wealth Management trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 48.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,867 shares of the business services provider’s stock after selling 4,500 shares during the quarter. Spire Wealth Management’s holdings in Republic Services were worth $1,031,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RSG. Brighton Jones LLC increased its stake in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after buying an additional 8,547 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Republic Services by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,735 shares of the business services provider’s stock worth $8,813,000 after acquiring an additional 1,290 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Republic Services by 4.9% during the 2nd quarter. Fisher Asset Management LLC now owns 6,217 shares of the business services provider’s stock worth $1,533,000 after acquiring an additional 289 shares in the last quarter. Portfolio Design Labs LLC increased its position in shares of Republic Services by 11.5% in the 2nd quarter. Portfolio Design Labs LLC now owns 16,323 shares of the business services provider’s stock valued at $4,025,000 after purchasing an additional 1,682 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Republic Services in the 2nd quarter valued at $3,378,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $219.22 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75. The stock has a market cap of $67.73 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.54. The firm has a fifty day moving average price of $221.46 and a 200 day moving average price of $218.02.

Republic Services (NYSE:RSG) last issued its quarterly earnings data 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. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the company posted $1.58 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company 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 dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s payout ratio is 36.50%.

Analysts Set New Price Targets

A number of brokerages recently commented on RSG. Citigroup boosted their target price on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Morgan Stanley decreased their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Sanford C. Bernstein upped their price objective on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Wells Fargo & Company increased their price objective on Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, Wolfe Research began coverage on Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price 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.