APG Asset Management N.V. Sells 4,900 Shares of Republic Services, Inc. $RSG

APG Asset Management N.V. reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,853 shares of the business services provider’s stock after selling 4,900 shares during the quarter. APG Asset Management N.V. owned 0.09% of Republic Services worth $63,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Republic Services by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock valued at $4,384,757,000 after purchasing an additional 49,365 shares during the last quarter. Geode Capital Management LLC raised its stake in Republic Services by 3.1% in the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock valued at $1,187,328,000 after buying an additional 144,003 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Republic Services by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after buying an additional 409,142 shares during the last quarter. Norges Bank bought a new position in shares of Republic Services during the 2nd quarter worth approximately $690,313,000. Finally, Franklin Resources Inc. raised its stake in Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock valued at $586,854,000 after acquiring an additional 218,114 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

RSG opened at $228.85 on Monday. The firm has a market cap of $70.67 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 3.78 and a beta of 0.54. The business’s fifty day moving average is $216.26 and its 200-day moving average is $219.40. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The firm had revenue of $4.14 billion for 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 business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

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 issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RSG shares. Wells Fargo & Company initiated coverage on shares of Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price objective for the company. Barclays set a $227.00 target price on shares of Republic Services in a report on Monday, February 23rd. Scotiabank lowered their price target on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Finally, Bank of America lowered their target price on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.62.

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.