Cresset Asset Management LLC Purchases 4,556 Shares of Republic Services, Inc. $RSG

Key Points

• Cresset Asset Management LLC boosted its Republic Services stake 11.9% in Q3, adding 4,556 shares to hold 42,729 shares worth about $9.81 million.
• Republic Services beat EPS estimates ($1.76 vs. $1.62) while missing revenue slightly, and set FY2026 guidance of 7.20–7.28 EPS versus an analyst consensus of ~6.86.
• Bessemer Group made a large purchase—raising its position to 739,792 shares (a +7,683% change)—and institutional investors now own roughly 57.7% of the company.

Cresset Asset Management LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,729 shares of the business services provider's stock after acquiring an additional 4,556 shares during the quarter. Cresset Asset Management LLC's holdings in Republic Services were worth $9,806,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RSG. Bowen Hanes & Co. Inc. boosted its stake in Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider's stock worth $62,772,000 after purchasing an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Republic Services by 32.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider's stock worth $5,326,000 after buying an additional 5,740 shares during the last quarter. National Pension Service lifted its stake in shares of Republic Services by 1.2% during the third quarter. National Pension Service now owns 758,644 shares of the business services provider's stock worth $174,094,000 after buying an additional 9,041 shares during the period. Bessemer Group Inc. increased its position 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 valued at $169,768,000 after acquiring an additional 730,287 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Republic Services by 60.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider's stock worth $2,906,000 after acquiring an additional 4,750 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 0.0%

Shares of NYSE:RSG opened at $231.63 on Friday. The business's 50 day moving average price is $217.73 and its 200-day moving average price is $219.55. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The firm has a market capitalization of $71.53 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 3.82 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.21 billion. During the same period in the prior year, the business posted $1.58 earnings per share. 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 forecast that Republic Services, Inc. will post 6.86 earnings per share 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. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services's payout ratio is 36.50%.

Analyst Ratings Changes

Several research firms have weighed in on RSG. Weiss Ratings reiterated a "buy (b-)" rating on shares of Republic Services in a research note on Monday, December 29th. Sanford C. Bernstein increased their price target 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. Barclays set a $227.00 price objective on shares of Republic Services in a research note on Monday, February 23rd. BMO Capital Markets cut their price objective on shares of Republic Services from $251.00 to $248.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 18th. Finally, 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 report on Thursday. Thirteen analysts have rated the stock with a Buy rating and nine have assigned 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 $245.70.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of the firm's stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

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.

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