Fieldview Capital Management LLC Reduces Stake in Republic Services, Inc. $RSG

Fieldview Capital Management LLC lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 73.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,042 shares of the business services provider’s stock after selling 2,857 shares during the period. Fieldview Capital Management LLC’s holdings in Republic Services were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RSG. Financial Consulate Inc. bought a new position in Republic Services during the third quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Republic Services during the 3rd quarter valued at $29,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Republic Services during the 2nd quarter worth $33,000. Finally, Westside Investment Management Inc. increased its holdings in Republic Services by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Scotiabank lowered their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. Bank of America reduced their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Wells Fargo & Company started coverage on shares of Republic Services in a research note on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target on the stock. UBS Group raised their price objective on shares of Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Finally, Sanford C. Bernstein lifted their price objective on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $245.70.

Republic Services Stock Up 0.1%

RSG stock opened at $223.66 on Thursday. The stock has a 50-day simple moving average of $218.81 and a two-hundred day simple moving average of $219.24. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The firm has a market capitalization of $69.07 billion, a PE ratio of 32.65, a PEG ratio of 3.69 and a beta of 0.54. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The company 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 period last year, the business earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given 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 is Thursday, April 2nd. Republic Services’s payout ratio is 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.