J. Safra Sarasin Holding AG Sells 55,203 Shares of Republic Services, Inc. $RSG

J. Safra Sarasin Holding AG trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 193,030 shares of the business services provider’s stock after selling 55,203 shares during the quarter. J. Safra Sarasin Holding AG owned about 0.06% of Republic Services worth $40,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSG. Financial Consulate Inc. purchased a new stake in Republic Services during the third quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new position in Republic Services in the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Republic Services during the 3rd quarter valued at $29,000. Finally, Westside Investment Management Inc. boosted its position in shares of Republic Services by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 2.8%

RSG stock opened at $221.78 on Tuesday. The firm’s fifty day simple moving average is $221.28 and its 200-day simple moving average is $218.08. The company has a market capitalization of $68.52 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 3.57 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. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.During the same quarter last year, the business posted $1.58 EPS. The company’s 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. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s payout ratio is presently 36.79%.

Analysts Set New Price Targets

Several research analysts recently issued reports on RSG shares. BMO Capital Markets reduced their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Barclays set a $227.00 price target on Republic Services in a research note on Monday, February 23rd. Oppenheimer decreased their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. 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 note on Monday, January 5th. Finally, Wolfe Research started coverage on shares of Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating on the stock. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $246.40.

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.