Wedge Capital Management L L P NC Has $5.23 Million Position in Republic Services, Inc. $RSG

Wedge Capital Management L L P NC trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 20.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,654 shares of the business services provider’s stock after selling 6,517 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Republic Services were worth $5,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 8,547 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Republic Services during the second quarter valued at $386,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Republic Services by 24.2% during the second quarter. J.W. Cole Advisors Inc. now owns 7,421 shares of the business services provider’s stock worth $1,830,000 after purchasing an additional 1,447 shares during the period. Vinva Investment Management Ltd grew its stake in shares of Republic Services by 116.1% in the second quarter. Vinva Investment Management Ltd now owns 10,858 shares of the business services provider’s stock worth $2,653,000 after purchasing an additional 5,834 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Republic Services by 2.0% in the second quarter. Quadrant Capital Group LLC now owns 7,458 shares of the business services provider’s stock valued at $1,839,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 0.7%

Shares of NYSE:RSG opened at $215.78 on Friday. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The business’s 50-day moving average is $221.07 and its 200-day moving average is $218.23. The company has a market capitalization of $66.67 billion, a price-to-earnings ratio of 31.50, a P/E/G ratio of 3.57 and a beta of 0.54.

Republic Services (NYSE:RSG) last released 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 return on equity of 18.44% and a net margin of 12.90%.The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the firm 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. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a $0.625 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 36.50%.

Wall Street Analyst Weigh In

Several brokerages have commented on RSG. UBS Group lifted their target price on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Sanford C. Bernstein lifted their price objective on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Citigroup increased their target price 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, Morgan Stanley lowered their price target 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 investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average 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.