Providence First Trust Co Has $480,000 Stake in Republic Services, Inc. $RSG

Providence First Trust Co decreased its position in Republic Services, Inc. (NYSE:RSG) by 78.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,263 shares of the business services provider’s stock after selling 8,382 shares during the period. Providence First Trust Co’s holdings in Republic Services were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Republic Services by 32.9% in 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 in the last quarter. Bessemer Group Inc. boosted its position in Republic Services by 7,683.2% during the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after purchasing an additional 730,287 shares during the last quarter. National Pension Service increased its position in shares of Republic Services by 1.2% during the 3rd quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock worth $174,094,000 after purchasing an additional 9,041 shares during the last quarter. Azzad Asset Management Inc. ADV bought a new stake in shares of Republic Services during the 3rd quarter worth approximately $3,524,000. Finally, SteelPeak Wealth LLC grew its stake in shares of Republic Services by 130.0% in the fourth quarter. SteelPeak Wealth LLC now owns 12,386 shares of the business services provider’s stock valued at $2,625,000 after buying an additional 7,001 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent analyst reports. BMO Capital Markets cut their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Scotiabank cut their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Citigroup upped their price objective on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Barclays set a $227.00 target price on Republic Services in a research note on Monday, February 23rd. Finally, Weiss Ratings cut Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $244.67.

Republic Services Stock Down 1.3%

RSG stock opened at $203.82 on Wednesday. The business’s fifty day moving average price is $218.47 and its two-hundred day moving average price is $215.90. The stock has a market capitalization of $62.97 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 3.43 and a beta of 0.43. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last posted its quarterly earnings data 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. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 7.22 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 36.79%.

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.