Republic Services, Inc. $RSG Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,450 shares of the business services provider’s stock after selling 3,500 shares during the period. Praxis Investment Management Inc.’s holdings in Republic Services were worth $2,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in Republic Services during the 4th quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new stake in Republic Services during the 3rd quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Republic Services by 121.8% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Ameriflex Group Inc. acquired a new stake in Republic Services during the 3rd quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC acquired a new stake in Republic Services during the 4th quarter valued at approximately $32,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on RSG shares. UBS Group lifted their price objective on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Wolfe Research initiated coverage on shares of Republic Services in a research note on Friday, March 13th. They issued a “peer perform” rating for the company. Citigroup boosted their target price on shares of Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Wells Fargo & Company boosted their target price on shares of Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Finally, Robert W. Baird decreased their target price on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $244.67.

Republic Services Stock Performance

RSG opened at $199.93 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a fifty day moving average price of $218.04 and a 200 day moving average price of $215.77. Republic Services, Inc. has a 1 year low of $199.55 and a 1 year high of $258.75. The stock has a market cap of $61.77 billion, a P/E ratio of 29.19, a P/E/G ratio of 3.38 and a beta of 0.43.

Republic Services (NYSE:RSG) last posted its 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 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 analysts’ expectations of $4.21 billion. During the same period in the previous year, the business posted $1.58 EPS. The business’s revenue 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. Equities research 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 declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, April 2nd. Republic Services’s payout ratio is presently 36.79%.

About Republic Services

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.