Ayrshire Capital Management LLC Acquires 4,297 Shares of Republic Services, Inc. $RSG

Ayrshire Capital Management LLC raised its holdings in Republic Services, Inc. (NYSE:RSG) by 15.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,052 shares of the business services provider’s stock after acquiring an additional 4,297 shares during the quarter. Republic Services makes up 3.1% of Ayrshire Capital Management LLC’s holdings, making the stock its 16th largest holding. Ayrshire Capital Management LLC’s holdings in Republic Services were worth $6,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bessemer Group Inc. grew its stake in Republic Services by 7,683.2% in 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 holdings in shares of Republic Services by 1,337.9% in the 4th 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 period. Man Group plc increased its stake in shares of Republic Services by 380.1% during the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock valued at $153,202,000 after buying an additional 528,540 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Republic Services by 93.3% in 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 acquiring an additional 438,219 shares in the last quarter. Finally, Caisse de depot et placement du Quebec raised its holdings in shares of Republic Services by 49.1% in the third quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock valued at $304,480,000 after acquiring an additional 437,166 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Down 0.2%

Republic Services stock opened at $204.98 on Thursday. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75. The business has a fifty day moving average price of $220.19 and a 200-day moving average price of $216.67. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $63.33 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 3.41 and a beta of 0.53.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the business posted $1.58 earnings per share. The firm’s 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. Equities research analysts forecast that Republic Services, Inc. will post 7.22 EPS for the current fiscal year.

Republic Services Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on RSG. UBS Group raised their target price 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. Citigroup upped their price target on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Robert W. Baird cut their price objective on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. BMO Capital Markets reduced their price objective on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Sanford C. Bernstein increased their target price on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.79.

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.