Vestmark Advisory Solutions Inc. Boosts Stake in Republic Services, Inc. $RSG

Vestmark Advisory Solutions Inc. increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 258.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,899 shares of the business services provider’s stock after purchasing an additional 2,810 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Republic Services were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bowen Hanes & Co. Inc. grew its holdings in Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after buying an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake 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. National Pension Service raised its stake in shares of Republic Services by 1.2% during the third quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after purchasing an additional 9,041 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Republic Services by 60.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after buying an additional 4,750 shares during the period. Finally, Bessemer Group Inc. lifted its position in Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after purchasing an additional 730,287 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The shares were bought at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the purchase, the director owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group set a $248.00 target price on shares of Republic Services and gave the company a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group began coverage on Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 target price on the stock. Bank of America dropped their price target on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Stifel Nicolaus reduced their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Morgan Stanley cut 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 report on Wednesday, February 18th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.62.

Republic Services Trading Up 0.3%

Republic Services stock opened at $221.46 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 company’s fifty day moving average price is $215.72 and its two-hundred day moving average price is $219.62. The company has a market capitalization of $68.39 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 3.64 and a beta of 0.54. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75.

Republic Services (NYSE:RSG) last released 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. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $1.58 EPS. The company’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, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal 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 issued 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%.

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.