Apollon Wealth Management LLC Sells 2,377 Shares of Republic Services, Inc. $RSG

Apollon Wealth Management LLC trimmed its position in Republic Services, Inc. (NYSE:RSG) by 22.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,280 shares of the business services provider’s stock after selling 2,377 shares during the period. Apollon Wealth Management LLC’s holdings in Republic Services were worth $1,755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSG. Financial Consulate Inc. purchased a new stake in shares of Republic Services during the 3rd quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services during the 3rd quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Republic Services by 121.8% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Republic Services during the 3rd quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Republic Services during the 4th quarter valued at approximately $32,000. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on RSG. Wells Fargo & Company upped their price target 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Friday, March 27th. Bank of America lowered their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Morgan Stanley lowered their target price on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Finally, Barclays set a $227.00 target price on shares of Republic Services in a research note on Monday, February 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $247.00.

Republic Services Price Performance

RSG stock opened at $213.12 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The firm’s fifty day moving average is $221.90 and its 200 day moving average is $217.51. The firm has a market cap of $65.85 billion, a P/E ratio of 31.11, a P/E/G ratio of 3.56 and a beta of 0.53.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, February 17th. The business services provider reported $1.76 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 for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm earned $1.58 EPS. The firm’s quarterly revenue 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. Research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) 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.