Korea Investment CORP Decreases Stock Position in Republic Services, Inc. $RSG

Korea Investment CORP decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 44.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,611 shares of the business services provider’s stock after selling 80,945 shares during the quarter. Korea Investment CORP’s holdings in Republic Services were worth $23,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Republic Services by 0.3% during the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock worth $4,384,757,000 after buying an additional 49,365 shares in the last quarter. Geode Capital Management LLC raised its holdings in Republic Services by 3.1% in the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock valued at $1,187,328,000 after acquiring an additional 144,003 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Republic Services by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock worth $711,003,000 after acquiring an additional 409,142 shares during the last quarter. Norges Bank acquired a new position in Republic Services during the 2nd quarter worth approximately $690,313,000. Finally, Franklin Resources Inc. increased its position in shares of Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock valued at $586,854,000 after purchasing an additional 218,114 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RSG shares. Morgan Stanley decreased their price objective on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Citigroup raised their price target on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Barclays set a $227.00 price target on Republic Services in a report on Monday, February 23rd. Oppenheimer dropped their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Finally, Scotiabank cut their target price on 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. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.70.

Republic Services Price Performance

Shares of NYSE:RSG opened at $223.11 on Wednesday. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75. The firm has a market capitalization of $68.90 billion, a P/E ratio of 32.57, a P/E/G ratio of 3.80 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The company’s fifty day moving average price is $218.57 and its 200 day moving average price is $219.21.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.14. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the company posted $1.58 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be paid 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 dividend payout ratio (DPR) is currently 36.50%.

Republic Services Company 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.