LGT Group Foundation Has $4.32 Million Holdings in Republic Services, Inc. $RSG

LGT Group Foundation lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 17.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,019 shares of the business services provider’s stock after selling 3,911 shares during the period. LGT Group Foundation’s holdings in Republic Services were worth $4,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of Republic Services by 3.1% in the 2nd 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Republic Services by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after acquiring an additional 409,142 shares in the last quarter. Norges Bank bought a new stake in Republic Services during the 2nd quarter worth $690,313,000. Finally, Franklin Resources Inc. increased its holdings in 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 worth $586,854,000 after purchasing an additional 218,114 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $230.34 on Tuesday. The stock’s 50 day moving average is $218.40 and its 200 day moving average is $219.29. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The firm has a market cap of $71.13 billion, a P/E ratio of 33.63, a P/E/G ratio of 3.82 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 (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the firm 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, research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis 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 presently 36.50%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RSG shares. Wells Fargo & Company started coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target on the stock. Sanford C. Bernstein raised their price objective on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Scotiabank reduced their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. UBS Group upped their price target on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, BMO Capital Markets cut their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.70.

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.