Andra AP fonden Acquires 43,700 Shares of Republic Services, Inc. $RSG

Andra AP fonden boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 47.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,500 shares of the business services provider’s stock after buying an additional 43,700 shares during the quarter. Andra AP fonden’s holdings in Republic Services were worth $31,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RSG. L2 Asset Management LLC grew its stake in Republic Services by 5.0% in the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock valued at $224,000 after buying an additional 43 shares in the last quarter. ANB Bank grew its stake in Republic Services by 2.8% in the 3rd quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock worth $388,000 after buying an additional 46 shares in the last quarter. Empirical Finance LLC raised its position in shares of Republic Services by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock valued at $1,783,000 after buying an additional 47 shares in the last quarter. ORG Partners LLC increased its position in shares of Republic Services by 5.8% during the 3rd quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 49 shares during the last quarter. Finally, NewSquare Capital LLC raised its holdings in shares of Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RSG has been the topic of a number of recent research reports. Robert W. Baird set a $240.00 price target on shares of Republic Services in a research report on Friday, October 31st. Scotiabank decreased their price objective on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. UBS Group set a $220.00 price objective on Republic Services in a research report on Monday, January 5th. Jefferies Financial Group set a $248.00 price target on Republic Services and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Wells Fargo & Company initiated coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.62.

Insider Activity

In related news, Director Katharine Weymouth purchased 478 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents a 9.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Republic Services Trading Up 1.2%

Shares of NYSE RSG opened at $224.27 on Friday. The business’s 50 day moving average price is $215.94 and its 200-day moving average price is $219.65. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $69.25 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.66 and a beta of 0.54. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75.

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 analysts’ consensus estimates of $1.62 by $0.14. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.Republic Services’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s payout ratio is presently 36.50%.

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.