Benjamin Edwards Inc. Sells 5,913 Shares of Republic Services, Inc. $RSG

Benjamin Edwards Inc. cut its stake in Republic Services, Inc. (NYSE:RSG) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 257,780 shares of the business services provider’s stock after selling 5,913 shares during the period. Benjamin Edwards Inc.’s holdings in Republic Services were worth $54,643,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Financial Consulate Inc. bought a new stake in shares of Republic Services during the third quarter worth approximately $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Republic Services during the fourth quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the third quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Republic Services during the third quarter worth approximately $29,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RSG. BMO Capital Markets dropped their price target 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. Morgan Stanley decreased their price objective on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Wolfe Research initiated coverage on shares of Republic Services in a report on Friday, March 13th. They set a “peer perform” rating for the company. Weiss Ratings cut shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Barclays set a $227.00 price objective on shares of Republic Services in a report on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $244.67.

Republic Services Stock Down 1.3%

Republic Services stock opened at $206.58 on Friday. The stock has a market capitalization of $63.82 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average of $218.78 and a 200-day moving average of $216.13.

Republic Services (NYSE:RSG) last released its quarterly earnings results 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 company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities research analysts anticipate that Republic Services, Inc. will post 7.22 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 2nd. Republic Services’s dividend payout ratio is 36.79%.

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.