Frank Rimerman Advisors LLC Boosts Stock Position in Republic Services, Inc. $RSG

Frank Rimerman Advisors LLC raised its stake in Republic Services, Inc. (NYSE:RSG) by 43.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,956 shares of the business services provider’s stock after purchasing an additional 2,419 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Republic Services were worth $1,686,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RSG. Financial Consulate Inc. purchased a new position in Republic Services in the 3rd quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Republic Services in the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings 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 in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Republic Services in the third quarter valued at about $29,000. Finally, Westside Investment Management Inc. increased its stake in shares of Republic Services by 100.0% during the third quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 1.1%

Shares of Republic Services stock opened at $219.22 on Wednesday. The company has a 50-day moving average of $221.46 and a two-hundred day moving average of $218.02. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. 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.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

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

Analysts Set New Price Targets

RSG has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. BMO Capital Markets cut their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Citigroup lifted their price target on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Oppenheimer dropped their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Finally, Sanford C. Bernstein increased 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. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.40.

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.