Republic Services, Inc. $RSG Shares Acquired by DB Fitzpatrick & Co Inc

DB Fitzpatrick & Co Inc lifted its position in Republic Services, Inc. (NYSE:RSG) by 29.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,521 shares of the business services provider’s stock after acquiring an additional 2,608 shares during the quarter. Republic Services accounts for approximately 2.2% of DB Fitzpatrick & Co Inc’s holdings, making the stock its 5th largest position. DB Fitzpatrick & Co Inc’s holdings in Republic Services were worth $2,442,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. L2 Asset Management LLC raised its holdings in shares of Republic Services by 5.0% during the second quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after purchasing an additional 43 shares during the period. ANB Bank boosted its holdings in shares of Republic Services by 2.8% in the 3rd quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock valued at $388,000 after buying an additional 46 shares during the period. ORG Partners LLC grew 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 buying an additional 49 shares during the last quarter. Richards Merrill & Peterson Inc. raised its stake in Republic Services by 4.0% during the third quarter. Richards Merrill & Peterson Inc. now owns 1,291 shares of the business services provider’s stock worth $296,000 after acquiring an additional 50 shares during the period. Finally, ICONIQ Capital LLC lifted its holdings in Republic Services by 3.3% in the second quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock worth $384,000 after acquiring an additional 50 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RSG shares. Oppenheimer dropped their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Wolfe Research began coverage on Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating for the company. UBS Group increased their target price on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Friday. Finally, Wells Fargo & Company upped their price target on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $246.40.

Republic Services Trading Down 1.1%

Shares of RSG stock opened at $219.22 on Wednesday. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The firm has a market capitalization of $67.73 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.54. The stock has a fifty day moving average of $221.46 and a two-hundred day moving average of $218.02. 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 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 net margin of 12.90% and a return on equity of 18.44%. Republic Services’s revenue was up 2.2% compared to the same quarter last year. 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. As a group, research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s payout ratio is presently 36.50%.

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.