DAVENPORT & Co LLC Decreases Position in Republic Services, Inc. $RSG

DAVENPORT & Co LLC lessened its stake in Republic Services, Inc. (NYSE:RSG) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 371,800 shares of the business services provider’s stock after selling 3,593 shares during the period. DAVENPORT & Co LLC’s holdings in Republic Services were worth $79,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Financial Consulate Inc. bought a new stake in shares of Republic Services in the third quarter valued at $25,000. Wealth Watch Advisors INC bought a new position in shares of Republic Services during the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Republic Services in the 3rd quarter valued at about $29,000. Finally, Westside Investment Management Inc. lifted its holdings in Republic Services by 100.0% during the third quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 86 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Down 0.6%

Shares of Republic Services stock opened at $215.38 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The firm has a market cap of $66.51 billion, a PE ratio of 31.44, a PEG ratio of 3.59 and a beta of 0.54. The company has a 50 day simple moving average of $220.75 and a two-hundred day simple moving average of $218.42.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping 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 firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The business’s revenue for the quarter 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. Analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal 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 given a dividend of $0.625 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 36.79%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RSG. BMO Capital Markets reduced their target price on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Barclays set a $227.00 price objective on shares of Republic Services in a report on Monday, February 23rd. Scotiabank lowered their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Bank of America dropped their target price on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Finally, Oppenheimer reduced their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $246.40.

About Republic Services

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.