Concurrent Investment Advisors LLC Acquires 3,699 Shares of Republic Services, Inc. $RSG

Concurrent Investment Advisors LLC raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,414 shares of the business services provider’s stock after purchasing an additional 3,699 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Republic Services were worth $4,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in RSG. Financial Consulate Inc. bought a new stake in shares of Republic Services in the third quarter valued at about $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services in the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of Republic Services in the third quarter valued at about $29,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Republic Services in the fourth quarter valued at about $32,000. 57.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Scotiabank decreased their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. Citigroup lifted their price objective on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Robert W. Baird cut their target price on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Barclays set a $227.00 target price on Republic Services in a research note on Monday, February 23rd. Finally, Sanford C. Bernstein lifted their target price on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Ten equities 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $244.67.

Republic Services Price Performance

RSG opened at $206.12 on Tuesday. The business’s 50-day moving average is $219.46 and its two-hundred day moving average is $216.35. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. 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 firm has a market capitalization of $63.68 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 3.48 and a beta of 0.53.

Republic Services (NYSE:RSG) last issued its quarterly earnings results 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. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Research analysts anticipate that Republic Services, Inc. will post 7.22 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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