Republic Services, Inc. $RSG Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 68.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 352,462 shares of the business services provider’s stock after acquiring an additional 143,704 shares during the period. Citigroup Inc. owned about 0.11% of Republic Services worth $80,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Republic Services during the second quarter worth about $690,313,000. Bessemer Group Inc. boosted its position 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 worth $169,768,000 after buying an additional 730,287 shares during the period. M&G PLC grew its holdings in Republic Services by 113.0% in the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock worth $287,670,000 after buying an additional 617,939 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Republic Services by 174.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock valued at $169,038,000 after acquiring an additional 435,816 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in 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 worth $711,003,000 after acquiring an additional 409,142 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

RSG has been the topic of a number of recent analyst reports. Bank of America cut their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Raymond James Financial reissued an “outperform” rating and set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. UBS Group set a $220.00 price target on shares of Republic Services in a research note on Monday, January 5th. JPMorgan Chase & Co. decreased their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Sanford C. Bernstein boosted their target price on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $245.62.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares of the company’s stock, valued at $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Republic Services Stock Down 1.0%

Shares of NYSE:RSG opened at $219.44 on Monday. The firm has a 50 day simple moving average of $215.34 and a 200 day simple moving average of $219.81. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $67.76 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 3.63 and a beta of 0.54.

Republic Services (NYSE:RSG) last posted its quarterly earnings data 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 firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. 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 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be issued a $0.625 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio is currently 36.50%.

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.