DB Fitzpatrick & Co Inc Has $2.44 Million Holdings in Republic Services, Inc. $RSG

DB Fitzpatrick & Co Inc increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 29.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,521 shares of the business services provider’s stock after acquiring an additional 2,608 shares during the quarter. Republic Services accounts for approximately 2.2% of DB Fitzpatrick & Co Inc’s investment portfolio, making the stock its 5th largest position. DB Fitzpatrick & Co Inc’s holdings in Republic Services were worth $2,442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RSG. Bessemer Group Inc. grew its holdings in shares of Republic Services by 7,683.2% in the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after acquiring an additional 730,287 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Republic Services by 1,337.9% in the 4th quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock valued at $121,995,000 after purchasing an additional 535,603 shares during the period. Man Group plc increased its stake in Republic Services by 380.1% in the 3rd quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after purchasing an additional 528,540 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Republic Services by 93.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock worth $208,307,000 after buying an additional 438,219 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its stake in Republic Services by 49.1% during the third quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock valued at $304,480,000 after buying an additional 437,166 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report 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 research note on Wednesday, February 18th. UBS Group boosted their target price 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. Citigroup increased their target price on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Scotiabank lowered their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $246.40.

Republic Services Trading Down 1.1%

Shares of NYSE:RSG opened at $219.22 on Wednesday. The firm has a fifty day moving average of $221.46 and a two-hundred day moving average of $218.02. 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, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The firm has a market capitalization of $67.73 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the company earned $1.58 earnings per share. Republic Services’s quarterly revenue 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 expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio is currently 36.50%.

Republic Services 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.