Aster Capital Management DIFC Ltd Buys New Shares in Republic Services, Inc. $RSG

Aster Capital Management DIFC Ltd purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,658 shares of the business services provider’s stock, valued at approximately $1,528,000. Republic Services makes up about 0.8% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 25th biggest position.

Several other hedge funds also recently modified their holdings of the stock. Bowen Hanes & Co. Inc. grew its position in shares of Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after acquiring an additional 17,280 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Republic Services by 32.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after purchasing an additional 5,740 shares during the period. National Pension Service increased its position in Republic Services by 1.2% during the third quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock worth $174,094,000 after buying an additional 9,041 shares during the last quarter. Bessemer Group Inc. raised 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 valued at $169,768,000 after buying an additional 730,287 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Republic Services by 60.0% in the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after buying an additional 4,750 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RSG. Oppenheimer decreased their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Jefferies Financial Group set a $248.00 price objective on shares of Republic Services and gave the company a “buy” rating in a report on Monday, November 3rd. Morgan Stanley cut their target price on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. The Goldman Sachs Group began coverage on shares of Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 price target on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.62.

Insider Buying and Selling

In related news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Republic Services Trading Up 1.2%

Shares of Republic Services stock opened at $224.27 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The company has a market capitalization of $69.25 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.66 and a beta of 0.54. The firm’s 50-day moving average price is $215.94 and its two-hundred day moving average price is $219.65.

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. The company 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%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

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