Republic Services, Inc. $RSG Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 100.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 135 shares of the business services provider’s stock after selling 271,207 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Republic Services were worth $29,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of Republic Services by 7,683.2% in the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after purchasing an additional 730,287 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Republic Services by 1,337.9% in the 4th quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock valued at $121,995,000 after purchasing an additional 535,603 shares in the last quarter. Man Group plc grew its holdings in shares of Republic Services by 380.1% during the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after buying an additional 528,540 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Republic Services by 93.3% in the third quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock worth $208,307,000 after buying an additional 438,219 shares in the last quarter. Finally, Caisse de depot et placement du Quebec boosted its position in Republic Services by 49.1% during the third quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock worth $304,480,000 after acquiring an additional 437,166 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 1.1%

Shares of RSG opened at $219.22 on Wednesday. The company’s 50-day moving average price is $221.46 and its 200 day moving average price is $218.02. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The firm has a market cap of $67.73 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the business earned $1.58 earnings per share. The business’s revenue for the quarter 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, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio is 36.50%.

Analysts Set New Price Targets

A number of research analysts have weighed in on RSG shares. Bank of America decreased their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Scotiabank cut their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. Oppenheimer cut their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. UBS Group boosted their target price on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Barclays set a $227.00 price target on shares of Republic Services in a report on Monday, February 23rd. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $246.40.

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.