Strs Ohio Raises Stock Position in Republic Services, Inc. $RSG

Strs Ohio boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,204 shares of the business services provider’s stock after purchasing an additional 10,450 shares during the quarter. Strs Ohio’s holdings in Republic Services were worth $12,335,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in 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 valued at $4,384,757,000 after purchasing an additional 49,365 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Republic Services by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock worth $711,003,000 after buying an additional 409,142 shares during the last quarter. Bank of America Corp DE raised its position in shares of Republic Services by 6.0% during the 3rd quarter. Bank of America Corp DE now owns 2,031,005 shares of the business services provider’s stock valued at $466,075,000 after buying an additional 114,291 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Republic Services by 5.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,458,550 shares of the business services provider’s stock valued at $359,695,000 after acquiring an additional 76,593 shares during the last quarter. Finally, Chilton Investment Co. Inc. grew its position in Republic Services by 4.2% in the third quarter. Chilton Investment Co. Inc. now owns 1,353,587 shares of the business services provider’s stock worth $310,621,000 after acquiring an additional 54,452 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Price Performance

RSG opened at $206.44 on Tuesday. The business has a fifty day moving average of $218.78 and a 200 day moving average of $216.02. The stock has a market cap of $63.78 billion, a P/E ratio of 30.14, a PEG ratio of 3.43 and a beta of 0.43. 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, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last released its 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. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 7.22 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, April 2nd. Republic Services’s dividend payout ratio is currently 36.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Robert W. Baird decreased their price objective on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Scotiabank decreased their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Wolfe Research began coverage on shares of Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating for the company. BMO Capital Markets cut their price objective on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $244.67.

Republic Services 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.