Republic Services, Inc. $RSG Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 130.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,386 shares of the business services provider’s stock after buying an additional 7,001 shares during the period. SteelPeak Wealth LLC’s holdings in Republic Services were worth $2,625,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. boosted its position in Republic Services by 7,683.2% during 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 in the last quarter. SG Americas Securities LLC lifted its position in shares of Republic Services by 1,337.9% during the 4th quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock valued at $121,995,000 after buying an additional 535,603 shares in the last quarter. Man Group plc increased its holdings in Republic Services by 380.1% in the 3rd quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after acquiring an additional 528,540 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Republic Services by 93.3% during the third 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 in the last quarter. Finally, Caisse de depot et placement du Quebec increased its stake in shares of Republic Services by 49.1% during the third quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock worth $304,480,000 after purchasing an additional 437,166 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Price Performance

RSG stock opened at $223.25 on Friday. The business has a 50 day moving average price of $221.84 and a 200 day moving average price of $217.99. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The stock has a market cap of $68.97 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 3.70 and a beta of 0.53. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data 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 company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio is 36.79%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group boosted their price objective on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a report on Friday, March 27th. BMO Capital Markets cut their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Citigroup raised their price target on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Oppenheimer cut their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the 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.