APG Asset Management N.V. Sells 4,900 Shares of Republic Services, Inc. $RSG

APG Asset Management N.V. lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 278,853 shares of the business services provider’s stock after selling 4,900 shares during the quarter. APG Asset Management N.V.’s holdings in Republic Services were worth $63,991,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. L2 Asset Management LLC increased its holdings in Republic Services by 5.0% in the 2nd 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 in the last quarter. ANB Bank grew its holdings in shares of 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 during the last quarter. Empirical Finance LLC increased its stake in shares of Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock valued at $1,783,000 after buying an additional 47 shares during the period. ORG Partners LLC raised its holdings in 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 during the last quarter. Finally, NewSquare Capital LLC boosted its position in Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 478 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RSG shares. Bank of America dropped their price target on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. UBS Group set a $220.00 target price on Republic Services in a research report on Monday, January 5th. The Goldman Sachs Group started coverage on Republic Services in a research report on Monday, November 24th. They issued a “buy” rating and a $255.00 price target on the stock. Oppenheimer lowered their price objective 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. Finally, Sanford C. Bernstein upped 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. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $245.62.

Republic Services Stock Up 1.9%

Republic Services stock opened at $228.85 on Monday. The company has a market capitalization of $70.67 billion, a PE ratio of 33.41, a PEG ratio of 3.78 and a beta of 0.54. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The firm’s fifty day moving average is $216.26 and its 200 day moving average is $219.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08.

Republic Services (NYSE:RSG) last posted 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

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 issued a $0.625 dividend. 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 is presently 36.50%.

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.