Providence First Trust Co Sells 8,382 Shares of Republic Services, Inc. $RSG

Providence First Trust Co lowered its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,263 shares of the business services provider's stock after selling 8,382 shares during the period. Providence First Trust Co's holdings in Republic Services were worth $480,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of Republic Services by 7,683.2% during the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider's stock valued at $169,768,000 after purchasing an additional 730,287 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Republic Services by 1,337.9% in the fourth quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider's stock worth $121,995,000 after purchasing an additional 535,603 shares in the last quarter. Man Group plc increased its position in Republic Services by 380.1% during the third quarter. Man Group plc now owns 667,603 shares of the business services provider's stock worth $153,202,000 after buying an additional 528,540 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Republic Services by 93.3% during the third quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider's stock valued at $208,307,000 after buying an additional 438,219 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its position in shares of Republic Services by 49.1% in the third quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider's stock worth $304,480,000 after buying an additional 437,166 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

NYSE:RSG opened at $203.82 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $62.97 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 3.43 and a beta of 0.43. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The company has a 50-day moving average of $218.47 and a 200-day moving average of $215.90.

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

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were issued 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 is 36.79%.

Analyst Ratings Changes

A number of brokerages have recently commented on RSG. Wells Fargo & Company increased their price objective on Republic Services from $238.00 to $252.00 and gave the company an "overweight" rating in a report on Wednesday, March 18th. Wolfe Research began coverage on Republic Services in a research report on Friday, March 13th. They set a "peer perform" rating for the company. Morgan Stanley reduced their price objective on shares of Republic Services from $230.00 to $225.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 18th. Scotiabank decreased their price objective on shares of Republic Services from $246.00 to $242.00 and set a "sector perform" rating for the company in a report on Wednesday, January 21st. Finally, BMO Capital Markets dropped their target price on shares of Republic Services from $251.00 to $248.00 and set an "outperform" rating on the stock in a report on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Republic Services has an average rating of "Hold" and an average 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.

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