Republic Services, Inc. $RSG Shares Sold by Mackenzie Financial Corp

Key Points

• Mackenzie Financial trimmed its Republic Services stake by 16%, selling 50,494 shares to hold 265,059 shares worth about $60.83 million (≈0.09% ownership) per its Q3 13F filing.
• Republic Services beat EPS (Q: $1.76 vs. $1.62 expected) while revenue slightly missed ($4.14B vs. $4.21B); management set FY2026 guidance of $7.20–$7.28 EPS and declared a $0.625 quarterly dividend (1.1% yield).

Mackenzie Financial Corp lowered its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,059 shares of the business services provider's stock after selling 50,494 shares during the period. Mackenzie Financial Corp owned about 0.09% of Republic Services worth $60,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. L2 Asset Management LLC increased its position in Republic Services by 5.0% during 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 period. ANB Bank lifted its holdings in shares of Republic Services by 2.8% in the 3rd quarter. ANB Bank now owns 1,691 shares of the business services provider's stock valued at $388,000 after buying an additional 46 shares during the period. Empirical Finance LLC boosted its stake in shares of Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider's stock valued at $1,783,000 after buying an additional 47 shares in the last quarter. ORG Partners LLC grew its holdings in Republic Services by 5.8% during the third quarter. ORG Partners LLC now owns 899 shares of the business services provider's stock worth $206,000 after acquiring an additional 49 shares during the period. Finally, Richards Merrill & Peterson Inc. raised its position in Republic Services by 4.0% in the third quarter. Richards Merrill & Peterson Inc. now owns 1,291 shares of the business services provider's stock worth $296,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Trading Up 1.0%

Shares of RSG stock opened at $226.03 on Friday. The stock has a market cap of $69.80 billion, a P/E ratio of 33.00, a P/E/G ratio of 3.70 and a beta of 0.54. 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 fifty-two week low of $201.42 and a fifty-two week high of $258.75. The business has a fifty day simple moving average of $219.09 and a 200-day simple moving average of $219.29.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $4.21 billion. During the same period in the prior year, the company earned $1.58 EPS. The firm's revenue was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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 dividend yield of 1.1%. Republic Services's dividend payout ratio is currently 36.50%.

Analyst Ratings Changes

Several equities research analysts have commented on RSG shares. Morgan Stanley decreased 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 research report on Wednesday, February 18th. Oppenheimer cut their price target on shares of Republic Services from $256.00 to $255.00 and set an "outperform" rating for the company in a report on Friday, January 23rd. The Goldman Sachs Group started coverage on shares of Republic Services in a report on Monday, November 24th. They set a "buy" rating and a $255.00 price objective on the stock. Citigroup upped their target price on shares of Republic Services from $244.00 to $253.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Republic Services in a research report on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.70.

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.

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