Strs Ohio Purchases 10,450 Shares of Republic Services, Inc. $RSG

Strs Ohio lifted its position in Republic Services, Inc. (NYSE:RSG) by 21.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 58,204 shares of the business services provider’s stock after buying an additional 10,450 shares during the period. Strs Ohio’s holdings in Republic Services were worth $12,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Composition Wealth LLC increased its position in Republic Services by 1.4% during the 4th quarter. Composition Wealth LLC now owns 3,793 shares of the business services provider’s stock valued at $804,000 after purchasing an additional 52 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in shares of Republic Services during the fourth quarter valued at approximately $82,751,000. Danske Bank A S increased its holdings in Republic Services by 6.2% during the fourth quarter. Danske Bank A S now owns 177,105 shares of the business services provider’s stock valued at $37,534,000 after buying an additional 10,400 shares during the period. Laurel Wealth Advisors LLC bought a new position in Republic Services in the fourth quarter worth approximately $25,000. Finally, Canandaigua National Trust Co of Florida bought a new position in Republic Services in the fourth quarter worth approximately $319,000. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RSG shares. UBS Group lifted their price target on Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. BMO Capital Markets dropped their price objective 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 target price on Republic Services in a research note on Monday, February 23rd. Oppenheimer decreased their price target 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. Finally, Citigroup lifted their price objective on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $244.67.

Republic Services Stock Down 0.1%

Shares of RSG stock opened at $206.44 on Tuesday. The stock’s fifty day moving average price is $218.78 and its 200 day moving average price is $216.02. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75. The company has a market cap of $63.78 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 3.43 and a beta of 0.43. 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 earnings per share 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 business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the company earned $1.58 earnings per share. The company’s quarterly 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. On average, research analysts expect that Republic Services, Inc. will post 7.22 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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

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.