Assetmark Inc. Has $13.03 Million Stock Holdings in Republic Services, Inc. $RSG

Assetmark Inc. raised its stake in Republic Services, Inc. (NYSE:RSG) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,478 shares of the business services provider’s stock after buying an additional 7,442 shares during the quarter. Assetmark Inc.’s holdings in Republic Services were worth $13,029,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in Republic Services in the 3rd quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new position in shares of Republic Services during the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC increased 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 worth $28,000 after purchasing an additional 67 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of Republic Services during the 3rd quarter worth $29,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Republic Services during the 4th quarter worth $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

NYSE RSG opened at $209.51 on Friday. 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 company has a fifty day simple moving average of $221.53 and a 200 day simple moving average of $217.29. The company has a market cap of $64.73 billion, a P/E ratio of 30.59, a P/E/G ratio of 3.50 and a beta of 0.53. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75.

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

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were issued a $0.625 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio is 36.79%.

Analyst Ratings Changes

Several research analysts have recently commented on RSG shares. UBS Group increased their price target on shares of 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 restated a “buy (b-)” rating on shares of Republic Services in a research note on Friday, March 27th. BMO Capital Markets dropped their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Morgan Stanley dropped their price target 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, JPMorgan Chase & Co. increased their price target on shares of Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $247.00.

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.