Impax Asset Management Group plc Lowers Stock Holdings in Republic Services, Inc. $RSG

Key Points

• Impax Asset Management trimmed its stake in Republic Services by 10.6%, selling 68,669 shares and leaving 579,314 shares (about 0.19% ownership) valued at $122.77 million at quarter-end.
• Republic Services beat Q4 EPS estimates ($1.76 vs. $1.62) while revenue slightly missed, and issued FY2026 EPS guidance of $7.20–$7.28 (analysts' average view: 7.22 EPS).
• Analyst coverage is mixed but the consensus is a Moderate Buy with an average price target of $244.67 versus a recent price near $209.73, and the company pays a $0.625 quarterly dividend (≈1.2% yield).

Impax Asset Management Group plc trimmed its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 10.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 579,314 shares of the business services provider's stock after selling 68,669 shares during the quarter. Impax Asset Management Group plc owned 0.19% of Republic Services worth $122,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Republic Services by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider's stock valued at $4,384,757,000 after purchasing an additional 49,365 shares in the last quarter. JPMorgan Chase & Co. raised its position in Republic Services by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider's stock valued at $711,003,000 after purchasing an additional 409,142 shares in the last quarter. Bank of America Corp DE raised its position in Republic Services by 6.0% in the 3rd quarter. Bank of America Corp DE now owns 2,031,005 shares of the business services provider's stock valued at $466,075,000 after purchasing an additional 114,291 shares in the last quarter. Ameriprise Financial Inc. raised its position in Republic Services by 5.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,458,550 shares of the business services provider's stock valued at $359,695,000 after purchasing an additional 76,593 shares in the last quarter. Finally, Chilton Investment Co. Inc. raised its position in Republic Services by 4.2% in the 3rd quarter. Chilton Investment Co. Inc. now owns 1,353,587 shares of the business services provider's stock valued at $310,621,000 after purchasing an additional 54,452 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of analyst reports. Morgan Stanley reduced their price target on Republic Services from $230.00 to $225.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 18th. UBS Group raised their target price on Republic Services from $225.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, March 5th. Wells Fargo & Company raised their target price on Republic Services from $238.00 to $252.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 18th. Wolfe Research started coverage on Republic Services in a research report on Friday, March 13th. They set a "peer perform" rating on the stock. Finally, Oppenheimer cut their target price on Republic Services from $256.00 to $255.00 and set an "outperform" rating on the stock in a research report on Friday, January 23rd. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Republic Services has an average rating of "Moderate Buy" and an average target price of $244.67.

Republic Services Trading Down 2.0%

NYSE:RSG opened at $209.73 on Friday. The stock's 50 day moving average price is $219.80 and its 200 day moving average price is $216.56. The company has a market capitalization of $64.80 billion, a PE ratio of 30.62, a P/E/G ratio of 3.55 and a beta of 0.53. 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 52-week low of $201.42 and a 52-week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.14. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, research analysts anticipate that Republic Services, Inc. will post 7.22 EPS for the current year.

Republic Services Announces Dividend

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

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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