Republic Services, Inc. $RSG Shares Acquired by DE Burlo Group Inc.

DE Burlo Group Inc. boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 40.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,498 shares of the business services provider’s stock after buying an additional 17,640 shares during the quarter. Republic Services accounts for approximately 1.7% of DE Burlo Group Inc.’s investment portfolio, making the stock its 26th largest position. DE Burlo Group Inc.’s holdings in Republic Services were worth $14,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bowen Hanes & Co. Inc. increased its holdings in shares of Republic Services by 7.3% in the second quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after buying an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Republic Services by 32.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after acquiring an additional 5,740 shares during the last quarter. National Pension Service raised its position in shares of Republic Services by 1.2% during the third quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock worth $174,094,000 after purchasing an additional 9,041 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Republic Services by 7,683.2% during the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after purchasing an additional 730,287 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Republic Services by 60.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after purchasing an additional 4,750 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Down 3.1%

NYSE:RSG opened at $223.11 on Wednesday. The company 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 stock’s 50 day moving average price is $218.57 and its 200 day moving average price is $219.21. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating 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 period last year, the company earned $1.58 earnings per share. The business’s 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. On average, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed 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. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio is currently 36.50%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RSG shares. UBS Group boosted their price objective on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Sanford C. Bernstein lifted their target price on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. BMO Capital Markets decreased their price objective on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company began coverage on shares of Republic Services in a research note on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.70.

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.