Aberdeen Group plc Reduces Stock Holdings in Republic Services, Inc. $RSG

Aberdeen Group plc lessened its stake in Republic Services, Inc. (NYSE:RSG) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,739 shares of the business services provider’s stock after selling 6,149 shares during the quarter. Aberdeen Group plc’s holdings in Republic Services were worth $26,860,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Republic Services by 7,683.2% during the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after buying an additional 730,287 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Republic Services by 1,337.9% in the fourth quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock worth $121,995,000 after buying an additional 535,603 shares during the last quarter. Man Group plc raised its holdings in Republic Services by 380.1% in the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock valued at $153,202,000 after acquiring an additional 528,540 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Republic Services by 93.3% during 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 acquiring an additional 438,219 shares during the last quarter. Finally, Caisse de depot et placement du Quebec grew its holdings in Republic Services by 49.1% during the 3rd 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 acquiring an additional 437,166 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RSG. Wells Fargo & Company upped their target price on shares of Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Morgan Stanley decreased their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Bank of America cut their price objective on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Scotiabank reduced their target price on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Finally, UBS Group lifted their target price on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.40.

Republic Services Stock Performance

Shares of RSG stock opened at $223.25 on Monday. The company has a market cap of $68.97 billion, a P/E ratio of 32.59, a PEG ratio of 3.70 and a beta of 0.53. The business has a 50 day moving average of $221.84 and a two-hundred day moving average of $217.93. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08.

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

Republic Services Announces Dividend

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

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.