Numerai GP LLC Makes New $7.93 Million Investment in Republic Services, Inc. $RSG

Numerai GP LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 34,576 shares of the business services provider’s stock, valued at approximately $7,934,000. Republic Services comprises 1.1% of Numerai GP LLC’s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also modified their holdings of RSG. Financial Consulate Inc. purchased a new stake in Republic Services in the 3rd quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in Republic Services during the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in 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 purchasing an additional 67 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of Republic Services in the third quarter valued at about $29,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Republic Services in the second quarter valued at about $33,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Price Performance

Shares of NYSE:RSG opened at $223.93 on Tuesday. The firm has a market capitalization of $69.15 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 3.71 and a beta of 0.54. 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 business’s 50 day simple moving average is $219.60 and its 200-day simple moving average is $218.95. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.14. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.Republic Services’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a $0.625 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s payout ratio is currently 36.50%.

Analyst Ratings Changes

RSG has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Morgan Stanley decreased their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Wolfe Research began coverage on Republic Services in a research note on Friday. They issued a “peer perform” rating on the stock. UBS Group boosted their target price on Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, BMO Capital Markets decreased their price target on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $245.70.

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.