Republic Services, Inc. $RSG Shares Sold by Azimuth Capital Investment Management LLC

Key Points

• Azimuth Capital Investment Management trimmed its stake in Republic Services by 9.7%, selling 8,465 shares and leaving it with 79,117 shares valued at about $18.16 million.
• Republic Services beat quarterly EPS estimates ($1.76 vs. $1.62), reported revenue up 2.2% year-over-year, and set FY2026 guidance of $7.20–$7.28 per share (analysts' average forecast is $6.86).
• Wall Street sentiment is broadly positive with a consensus rating of "Moderate Buy" and an average price target of $245.70, while RSG trades around $224.50 with a market cap near $69.3 billion.

Azimuth Capital Investment Management LLC reduced its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,117 shares of the business services provider's stock after selling 8,465 shares during the period. Azimuth Capital Investment Management LLC's holdings in Republic Services were worth $18,156,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RSG. Bowen Hanes & Co. Inc. raised its stake in Republic Services by 7.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider's stock worth $62,772,000 after acquiring an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in 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 valued at $5,326,000 after acquiring an additional 5,740 shares in the last quarter. National Pension Service grew its holdings 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 purchasing an additional 9,041 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Republic Services by 7,683.2% during the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider's stock worth $169,768,000 after purchasing an additional 730,287 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of 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 valued at $2,906,000 after purchasing an additional 4,750 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research analyst reports. BMO Capital Markets decreased their target price on Republic Services from $251.00 to $248.00 and set an "outperform" rating for the company in a research report on Wednesday, February 18th. The Goldman Sachs Group initiated coverage on Republic Services in a research note on Monday, November 24th. They issued a "buy" rating and a $255.00 price objective for the company. Oppenheimer decreased their price objective on Republic Services from $256.00 to $255.00 and set an "outperform" rating for the company in a report on Friday, January 23rd. Morgan Stanley cut their target price on shares of Republic Services from $230.00 to $225.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 18th. Finally, UBS Group increased their price target on shares of Republic Services from $225.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, March 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $245.70.

Republic Services Stock Down 0.6%

RSG stock opened at $224.50 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. The company's 50-day moving average price is $219.38 and its 200 day moving average price is $219.13. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The company has a market cap of $69.32 billion, a P/E ratio of 32.77, a P/E/G ratio of 3.70 and a beta of 0.54.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services's payout ratio is presently 36.50%.

Republic Services Profile

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.