DAVENPORT & Co LLC Sells 3,593 Shares of Republic Services, Inc. $RSG

DAVENPORT & Co LLC lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 371,800 shares of the business services provider’s stock after selling 3,593 shares during the period. DAVENPORT & Co LLC owned 0.12% of Republic Services worth $79,026,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Republic Services by 27.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,626,369 shares of the business services provider’s stock worth $401,082,000 after acquiring an additional 348,379 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Republic Services in the second quarter valued at approximately $386,000. CreativeOne Wealth LLC raised its position in shares of Republic Services by 4.2% during the second quarter. CreativeOne Wealth LLC now owns 4,008 shares of the business services provider’s stock worth $988,000 after purchasing an additional 161 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Republic Services by 47.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 18,062 shares of the business services provider’s stock worth $4,454,000 after purchasing an additional 5,791 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG opened at $215.38 on Wednesday. The stock has a 50 day moving average of $220.75 and a 200 day moving average of $218.42. The company has a market capitalization of $66.51 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 3.59 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 company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently declared 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 1.2%. Republic Services’s dividend payout ratio is presently 36.79%.

Analysts Set New Price Targets

A number of brokerages have commented on RSG. UBS Group boosted their price target on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Barclays set a $227.00 price objective on shares of Republic Services in a report on Monday, February 23rd. Sanford C. Bernstein upped their target price on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Wolfe Research started coverage on shares of Republic Services in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. Finally, Citigroup lifted their price target on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, 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.