Gabelli Funds LLC Has $131.20 Million Stock Holdings in Republic Services, Inc. $RSG

Gabelli Funds LLC lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 571,728 shares of the business services provider’s stock after selling 29,419 shares during the quarter. Republic Services accounts for 0.9% of Gabelli Funds LLC’s holdings, making the stock its 18th biggest position. Gabelli Funds LLC owned approximately 0.18% of Republic Services worth $131,200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Republic Services in the 2nd quarter valued at $404,000. Arkadios Wealth Advisors bought a new stake in Republic Services during the 2nd quarter worth about $253,000. NewSquare Capital LLC lifted its position in Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Republic Services by 21.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 751 shares of the business services provider’s stock worth $185,000 after buying an additional 131 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

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

Republic Services Stock Down 0.1%

RSG stock opened at $231.33 on Friday. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75. The business’s 50 day simple moving average is $218.08 and its 200 day simple moving average is $219.55. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $71.43 billion, a PE ratio of 33.77, a PEG ratio of 3.83 and a beta of 0.54.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the firm posted $1.58 EPS. The company’s quarterly 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. As a group, research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

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

Analysts Set New Price Targets

RSG has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. UBS Group raised their price target on Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday. BMO Capital Markets lowered their price target on Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Oppenheimer cut their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, The Goldman Sachs Group assumed coverage on shares of Republic Services in a research note on Monday, November 24th. They issued a “buy” rating and a $255.00 target price for the company. Thirteen 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, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.70.

Republic Services 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.