Sepio Capital LP Sells 4,524 Shares of Republic Services, Inc. $RSG

Sepio Capital LP lowered its stake in Republic Services, Inc. (NYSE:RSG) by 35.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,301 shares of the business services provider’s stock after selling 4,524 shares during the quarter. Sepio Capital LP’s holdings in Republic Services were worth $1,742,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Focus Financial Network Inc. raised its stake in shares of Republic Services by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock valued at $397,000 after acquiring an additional 46 shares during the period. Secure Asset Management LLC lifted its holdings in shares of Republic Services by 3.3% in the 3rd quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider’s stock worth $305,000 after acquiring an additional 47 shares during the last quarter. AlphaCentric Advisors LLC lifted its holdings in shares of Republic Services by 5.9% in the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after acquiring an additional 50 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Republic Services by 47.3% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after purchasing an additional 52 shares during the period. Finally, Burford Brothers Inc. boosted its position in shares of Republic Services by 2.8% during the 2nd quarter. Burford Brothers Inc. now owns 1,944 shares of the business services provider’s stock worth $414,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $241.98 on Friday. The company has a market cap of $74.10 billion, a P/E ratio of 31.94, a PEG ratio of 3.70 and a beta of 0.39. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $242.42. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average price is $220.06 and its 200 day moving average price is $214.36.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, research analysts forecast that Republic Services, Inc. will post 7.26 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Friday, October 2nd were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.1%. This is a boost from Republic Services’s previous quarterly dividend of $0.6250. The ex-dividend date was Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 37.96%.

Analysts Set New Price Targets

RSG has been the subject of several research reports. Sanford C. Bernstein lifted their target price on shares of Republic Services from $220.00 to $227.00 and gave the company a “market perform” rating in a report on Monday, August 10th. Raymond James Financial set a $235.00 price target on Republic Services in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Republic Services from $270.00 to $258.00 in a research report on Friday, October 9th. Wolfe Research assumed coverage on Republic Services in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. Finally, Citigroup boosted their price objective on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.73.

Insider Transactions at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased at an average cost of $221.49 per share, with a total value of $90,700,155.00. Following the purchase, the insider directly owned 116,166,330 shares of the company’s stock, valued at $25,729,680,431.70. This trade represents a 0.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders acquired 6,254,462 shares of company stock valued at $1,380,321,958 in the last ninety days. Company insiders own 0.12% of the company’s stock.

About Republic Services

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.