Orion Porfolio Solutions LLC Boosts Stock Position in Republic Services, Inc. $RSG

Orion Porfolio Solutions LLC grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 6.5% in the third quarter, Holdings Channel reports. The institutional investor owned 43,083 shares of the business services provider’s stock after purchasing an additional 2,648 shares during the period. Orion Porfolio Solutions LLC’s holdings in Republic Services were worth $9,887,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. L2 Asset Management LLC lifted its stake in Republic Services by 5.0% during the second quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after purchasing an additional 43 shares during the last quarter. ANB Bank raised its holdings in Republic Services by 2.8% during the third quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock worth $388,000 after purchasing an additional 46 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Republic Services by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after buying an additional 47 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Republic Services by 5.8% in the 3rd quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock valued at $206,000 after buying an additional 49 shares in the last quarter. Finally, NewSquare Capital LLC grew its position in shares of Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of 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. Barclays set a $227.00 target price on Republic Services in a research report on Monday, February 23rd. Scotiabank cut their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Finally, Wells Fargo & Company began coverage on shares of Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.70.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth purchased 478 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. The trade was a 9.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

Republic Services Stock Up 0.0%

Republic Services stock opened at $231.63 on Friday. The stock has a 50 day moving average of $217.73 and a two-hundred day moving average of $219.55. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The stock has a market capitalization of $71.53 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 3.82 and a beta of 0.54. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.62 by $0.14. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The company’s quarterly 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. As a group, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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 paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 36.50%.

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.