Fenimore Asset Management Inc Raises Stock Position in Republic Services, Inc. $RSG

Key Points

• Fenimore Asset Management raised its stake in Republic Services by 3.0% in Q4 to 290,625 shares (about $61.6M), leaving institutions and hedge funds with roughly 57.7% of the company.
• Republic Services beat Q earnings with $1.76 EPS (vs. $1.62 expected) while revenue was $4.14B (slightly below estimates) and the company set FY2026 EPS guidance of 7.20–7.28, in line with analyst expectations of ~7.22.
• The stock trades around $206.58 with a market cap of ~$63.8B and a P/E of ~30; it pays a $2.50 annual dividend (yield ~1.2%), and the Street consensus is a Hold with an average target near $244.67.

Fenimore Asset Management Inc boosted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 290,625 shares of the business services provider's stock after buying an additional 8,484 shares during the period. Fenimore Asset Management Inc owned 0.09% of Republic Services worth $61,592,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RSG. Brighton Jones LLC increased its stake in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider's stock worth $3,988,000 after buying an additional 8,547 shares in the last quarter. Federated Hermes Inc. increased its stake in Republic Services by 23.2% in the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider's stock worth $4,329,000 after buying an additional 3,303 shares in the last quarter. NewEdge Advisors LLC increased its stake in Republic Services by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider's stock worth $7,322,000 after buying an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Republic Services by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider's stock worth $23,336,000 after buying an additional 688 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in Republic Services by 68.4% in the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider's stock worth $2,871,000 after buying an additional 4,729 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Stock Down 1.3%

Shares of NYSE:RSG opened at $206.58 on Friday. 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, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75. The company has a 50-day moving average price of $218.78 and a 200 day moving average price of $216.08. The company has a market cap of $63.82 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 3.43 and a beta of 0.43.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the firm earned $1.58 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts predict that Republic Services, Inc. will post 7.22 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were issued a $0.625 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services's dividend payout ratio (DPR) is presently 36.79%.

Wall Street Analyst Weigh In

Several research analysts have commented on RSG shares. Weiss Ratings downgraded shares of Republic Services from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Sanford C. Bernstein increased their price objective on shares of Republic Services from $205.00 to $220.00 and gave the company a "market perform" rating in a report on Monday, January 5th. UBS Group increased their price objective on shares of Republic Services from $225.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, March 5th. Barclays set a $227.00 price objective on shares of Republic Services in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Republic Services from $233.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, April 10th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $244.67.

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.

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.