Dimensional Fund Advisors LP Buys 333,861 Shares of Republic Services, Inc. $RSG

Dimensional Fund Advisors LP grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 37.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,235,839 shares of the business services provider’s stock after buying an additional 333,861 shares during the period. Dimensional Fund Advisors LP owned 0.40% of Republic Services worth $283,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. L2 Asset Management LLC raised its stake in Republic Services by 5.0% during the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after acquiring an additional 43 shares during the period. ANB Bank boosted its position in shares of Republic Services by 2.8% in the third quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock worth $388,000 after purchasing an additional 46 shares during the period. Empirical Finance LLC increased its stake in shares of Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after purchasing an additional 47 shares in the last quarter. ORG Partners LLC raised its position in shares of Republic Services by 5.8% during the 3rd quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 49 shares during the period. Finally, NewSquare Capital LLC lifted its stake in shares of Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Down 0.1%

Shares of RSG opened at $231.33 on Friday. 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 stock has a market capitalization of $71.43 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 3.83 and a beta of 0.54. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The business’s 50 day simple moving average is $218.08 and its 200-day simple moving average is $219.55.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the firm posted $1.58 earnings per share. Republic Services’s revenue for the quarter 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, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be issued a $0.625 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is 36.50%.

Insider Activity

In other Republic Services news, Director Katharine Weymouth bought 478 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the transaction, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RSG shares. Oppenheimer cut their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Morgan Stanley lowered their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company initiated coverage on Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price for the company. Citigroup boosted their price target on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, UBS Group upped their price target on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $245.70.

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.