Kornitzer Capital Management Inc. KS Sells 3,282 Shares of Republic Services, Inc. $RSG

Kornitzer Capital Management Inc. KS trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,579 shares of the business services provider’s stock after selling 3,282 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Republic Services were worth $14,958,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RSG. Bessemer Group Inc. raised its stake in Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after buying an additional 730,287 shares in the last quarter. SG Americas Securities LLC grew 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 during the period. Man Group plc grew its holdings in Republic Services by 380.1% in the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after purchasing an additional 528,540 shares during the period. BNP Paribas Financial Markets grew its holdings in Republic Services by 93.3% in the third quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock worth $208,307,000 after purchasing an additional 438,219 shares during the period. Finally, Caisse de depot et placement du Quebec grew its holdings in 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 purchasing an additional 437,166 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Down 1.3%

Shares of Republic Services stock opened at $206.58 on Friday. The company has a market cap of $63.82 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. The company’s 50 day moving average is $218.78 and its 200 day moving average is $216.13. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. 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 (NYSE:RSG) last released its quarterly 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. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the firm earned $1.58 earnings per share. The company’s quarterly 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. Research analysts anticipate that Republic Services, Inc. will post 7.22 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were given a $0.625 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 36.79%.

Analyst Ratings Changes

RSG has been the topic of a number of recent research reports. Weiss Ratings cut shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Barclays set a $227.00 price target on shares of Republic Services in a report on Monday, February 23rd. Scotiabank lowered their price objective on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 21st. Wells Fargo & Company increased their price objective on shares of Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Finally, Citigroup increased their price objective on shares of Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.