Olde Wealth Management LLC Takes $1.54 Million Position in Republic Services, Inc. $RSG

Key Points

• Olde Wealth Management LLC initiated a new position in Republic Services in Q3, purchasing 6,722 shares valued at about $1.54 million.
• Republic Services reported Q results with $1.76 EPS (beats $1.62 estimate) and $4.14B revenue (slightly below estimates), and set FY2026 guidance of $7.20–$7.28 EPS versus analysts' ~$6.86 forecast.
• The company declared a quarterly dividend of $0.625 (annualized $2.50, ~1.1% yield), payable April 15 with the ex-dividend/record date noted as April 2.

Olde Wealth Management LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,722 shares of the business services provider's stock, valued at approximately $1,543,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. L2 Asset Management LLC increased its position in shares of Republic Services by 5.0% in the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider's stock worth $224,000 after purchasing an additional 43 shares during the last quarter. ANB Bank lifted its position in shares of Republic Services by 2.8% during the third quarter. ANB Bank now owns 1,691 shares of the business services provider's stock worth $388,000 after purchasing an additional 46 shares during the last quarter. Empirical Finance LLC grew its stake in Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider's stock worth $1,783,000 after purchasing an additional 47 shares in the last quarter. ORG Partners LLC increased its holdings in Republic Services by 5.8% in the third quarter. ORG Partners LLC now owns 899 shares of the business services provider's stock valued at $206,000 after buying an additional 49 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. raised its stake in Republic Services by 4.0% during the third quarter. Richards Merrill & Peterson Inc. now owns 1,291 shares of the business services provider's stock valued at $296,000 after buying an additional 50 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Trading Down 0.6%

Shares of NYSE RSG opened at $224.50 on Friday. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The company has a market cap of $69.32 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The stock's 50 day simple moving average is $219.38 and its 200 day simple moving average is $219.23.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.14. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.During the same period last year, the company earned $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. Equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current 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 given a $0.625 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services's dividend payout ratio (DPR) is currently 36.50%.

Analyst Ratings Changes

Several research analysts have recently commented on RSG shares. Scotiabank decreased their target price on Republic Services from $246.00 to $242.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 21st. Citigroup upped their price target on Republic Services from $244.00 to $253.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Republic Services in a report on Monday, December 29th. Sanford C. Bernstein boosted their target price on shares of Republic Services from $205.00 to $220.00 and gave the company a "market perform" rating in a research note on Monday, January 5th. Finally, Wolfe Research began coverage on shares of Republic Services in a research report on Friday. They issued a "peer perform" rating on the stock. 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $245.70.

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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