FORA Capital LLC Purchases 11,397 Shares of Republic Services, Inc. $RSG

FORA Capital LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 989.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,549 shares of the business services provider’s stock after buying an additional 11,397 shares during the quarter. FORA Capital LLC’s holdings in Republic Services were worth $2,880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Republic Services during the second quarter valued at approximately $690,313,000. Bessemer Group Inc. boosted its position in Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after purchasing an additional 730,287 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Republic Services by 93.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock valued at $208,307,000 after purchasing an additional 438,219 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Republic Services by 174.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after purchasing an additional 435,816 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Republic Services by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock worth $711,003,000 after buying an additional 409,142 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $224.50 on Friday. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The business’s fifty day moving average is $219.38 and its 200 day moving average is $219.23. 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 market cap of $69.32 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 3.73 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating 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 firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company’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. Research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

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 issued 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 presently 36.50%.

Analyst Upgrades and Downgrades

RSG has been the subject of several research reports. Wolfe Research began coverage on shares of Republic Services in a research report on Friday. They set a “peer perform” rating for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. The Goldman Sachs Group initiated coverage on shares of Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 target price for the company. 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 report on Friday, January 23rd. Finally, Barclays set a $227.00 price objective on Republic Services in a research note on Monday, February 23rd. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.70.

About Republic Services

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.