Ameriprise Financial Inc. Sells 404,648 Shares of Republic Services, Inc. $RSG

Ameriprise Financial Inc. cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 27.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,053,902 shares of the business services provider’s stock after selling 404,648 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.34% of Republic Services worth $241,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares during the last quarter. Allworth Financial LP lifted its stake in Republic Services by 33.9% in the second quarter. Allworth Financial LP now owns 1,767 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 447 shares during the last quarter. Advisors Capital Management LLC grew its holdings in Republic Services by 54.8% during the second quarter. Advisors Capital Management LLC now owns 1,303 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 461 shares during the period. Foundations Investment Advisors LLC grew its holdings in Republic Services by 47.8% during the second quarter. Foundations Investment Advisors LLC now owns 1,345 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 435 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Republic Services by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,817 shares of the business services provider’s stock worth $12,285,000 after buying an additional 3,397 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 0.2%

Shares of RSG stock opened at $223.93 on Tuesday. The company has a market capitalization of $69.15 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 3.71 and a beta of 0.54. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The business’s fifty day moving average is $219.60 and its 200 day moving average is $218.95. 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 posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping 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 analysts’ expectations of $4.21 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The firm’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. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.625 per share. 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%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RSG shares. BMO Capital Markets cut their price target on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Morgan Stanley dropped their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Wolfe Research started coverage on shares of Republic Services in a report on Friday. They issued a “peer perform” rating for the company. Bank of America reduced their price target on Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Finally, UBS Group raised their target price on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $245.70.

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.