Republic Services, Inc. $RSG Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 130.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,386 shares of the business services provider’s stock after acquiring an additional 7,001 shares during the quarter. SteelPeak Wealth LLC’s holdings in Republic Services were worth $2,625,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. Brighton Jones LLC raised its stake in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the last quarter. Fisher Asset Management LLC increased its stake in Republic Services by 4.9% in the 2nd quarter. Fisher Asset Management LLC now owns 6,217 shares of the business services provider’s stock valued at $1,533,000 after buying an additional 289 shares during the period. CW Advisors LLC lifted its stake in shares of Republic Services by 85.6% in the 2nd quarter. CW Advisors LLC now owns 4,279 shares of the business services provider’s stock worth $1,055,000 after acquiring an additional 1,973 shares during the period. Guggenheim Capital LLC increased its stake in shares of Republic Services by 17.9% during the second quarter. Guggenheim Capital LLC now owns 22,321 shares of the business services provider’s stock worth $5,505,000 after acquiring an additional 3,396 shares during the period. Finally, First Trust Advisors LP lifted its position in Republic Services by 63.5% in the second quarter. First Trust Advisors LP now owns 220,731 shares of the business services provider’s stock valued at $54,435,000 after purchasing an additional 85,696 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.0%

NYSE:RSG opened at $223.25 on Friday. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week 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 stock has a fifty day simple moving average of $221.84 and a 200-day simple moving average of $217.99. The company has a market capitalization of $68.97 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 3.70 and a beta of 0.53.

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

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend 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 presently 36.79%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RSG shares. Wolfe Research assumed coverage on Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating for the company. Barclays set a $227.00 price objective on Republic Services in a research report on Monday, February 23rd. Sanford C. Bernstein boosted their target price on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Oppenheimer cut their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, Scotiabank decreased their price objective on shares of 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $246.40.

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.