AXQ Capital LP Has $410,000 Holdings in Republic Services, Inc. $RSG

AXQ Capital LP cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 72.9% during the 3rd quarter, Holdings Channel reports. The firm owned 1,787 shares of the business services provider’s stock after selling 4,803 shares during the period. AXQ Capital LP’s holdings in Republic Services were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Republic Services in the 2nd quarter valued at $690,313,000. Bessemer Group Inc. increased its position in shares of Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after purchasing an additional 730,287 shares during the period. M&G PLC raised its stake in Republic Services by 113.0% in the second quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock valued at $287,670,000 after purchasing an additional 617,939 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Republic Services by 174.6% during the second quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after purchasing an additional 435,816 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Republic Services by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after buying an additional 409,142 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Sanford C. Bernstein raised their target price on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Morgan Stanley lowered their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Finally, Robert W. Baird set a $240.00 price objective on Republic Services in a research note on Friday, October 31st. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $245.62.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the transaction, the director 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 legal filing with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by insiders.

Republic Services Stock Up 0.3%

Shares of NYSE:RSG opened at $221.46 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The company has a market capitalization of $68.39 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 3.64 and a beta of 0.54. The company has a fifty day moving average of $215.72 and a 200-day moving average of $219.62.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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. On average, equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors 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 annualized dividend and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is currently 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.