New York: Republic Services, Inc. (NYSE: RSG) is gaining attention after Twinbeech Capital LP trimmed its stake in the waste management giant by nearly 28% in Q4, selling 9,849 shares and reducing its holding to $5.1 million.
Despite this shift, Wall Street sentiment remains strong, with multiple analysts lifting price targets. JPMorgan recently raised its outlook from $229 to $275, while BMO and Truist both reaffirmed buy ratings, citing continued growth momentum.
The company’s stock climbed 0.7% on Friday, reaching $252.79—just shy of its 52-week high of $253.76. Republic’s Q1 earnings also beat expectations, delivering $1.58 per share versus the $1.53 consensus, with $4.01 billion in revenue. Analysts now forecast full-year EPS of $6.86.
Republic Services has seen steady institutional interest, with major players like Barclays PLC and Perpetual Ltd expanding their positions. The company also declared a $0.58 quarterly dividend, payable July 15, continuing its stable income stream for shareholders.
With a strong earnings beat, favorable analyst upgrades, and resilient investor confidence, Republic Services is well-positioned for further upside as it continues expanding its environmental services footprint across North America.