Bank of Nova Scotia Has $71.53 Million Stake in Republic Services, Inc. $RSG

Bank of Nova Scotia raised its position in Republic Services, Inc. (NYSE:RSG) by 52.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 311,702 shares of the business services provider’s stock after buying an additional 107,846 shares during the quarter. Bank of Nova Scotia owned about 0.10% of Republic Services worth $71,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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. boosted 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 valued at $711,003,000 after purchasing an additional 409,142 shares in the last quarter. Norges Bank bought a new position in shares of Republic Services in the 2nd quarter valued at $690,313,000. Franklin Resources Inc. raised its holdings in shares of Republic Services by 10.1% during the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after buying an additional 218,114 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Republic Services by 21.3% during the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after buying an additional 408,885 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on RSG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Bank of America reduced their price target 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. Morgan Stanley decreased their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Citigroup increased their price objective on shares of Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Sanford C. Bernstein raised their target price on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $245.70.

Republic Services Price Performance

Shares of NYSE RSG opened at $224.50 on Monday. The company has a market capitalization of $69.32 billion, a PE ratio of 32.77, a P/E/G ratio of 3.71 and a beta of 0.54. 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 twelve month low of $201.42 and a twelve month high of $258.75. The firm has a fifty day simple moving average of $219.38 and a 200 day simple moving average of $219.02.

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 analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the business posted $1.58 EPS. The business’s 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. On average, sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently announced 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. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s payout ratio is presently 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.