AXQ Capital LP Sells 4,803 Shares of Republic Services, Inc. $RSG

AXQ Capital LP lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 72.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,787 shares of the business services provider’s stock after selling 4,803 shares during the quarter. AXQ Capital LP’s holdings in Republic Services were worth $410,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RSG. Financial Consulate Inc. bought a new stake in Republic Services during the 3rd quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of 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 valued at $28,000 after acquiring an additional 67 shares during the last quarter. NewSquare Capital LLC raised its holdings in 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 acquiring an additional 50 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in Republic Services during the second quarter valued at approximately $33,000. Finally, Westside Investment Management Inc. increased its position in shares of 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 purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 478 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This represents a 9.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on RSG. Citigroup increased their price objective on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Barclays set a $227.00 target price on shares of Republic Services in a report on Monday. Finally, Robert W. Baird set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $245.62.

Republic Services Stock Performance

NYSE RSG opened at $221.46 on Thursday. The stock has a market cap of $68.39 billion, a PE ratio of 32.33, a P/E/G ratio of 3.64 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a 50-day moving average of $215.72 and a 200-day moving average of $219.62. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. Republic Services’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, 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. Investors 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 yield of 1.1%. Republic Services’s payout ratio is 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.