Avanza Fonder AB Has $5.50 Million Position in Republic Services, Inc. $RSG

Avanza Fonder AB lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 18.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,943 shares of the business services provider’s stock after purchasing an additional 4,025 shares during the period. Avanza Fonder AB’s holdings in Republic Services were worth $5,498,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RSG. Financial Consulate Inc. bought a new stake in Republic Services during the 3rd quarter worth about $25,000. Wealth Watch Advisors INC acquired a new position in shares of Republic Services during the third quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of Republic Services during the third quarter valued at approximately $29,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Republic Services in the second quarter valued at approximately $33,000. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RSG has been the topic of several research reports. UBS Group upped their price objective on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. The Goldman Sachs Group began coverage on Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 target price for the company. Morgan Stanley decreased their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Barclays set a $227.00 price objective on Republic Services in a research report on Monday, February 23rd. Finally, Bank of America cut their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $246.40.

Republic Services Trading Down 1.2%

NYSE RSG opened at $216.76 on Tuesday. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75. The stock has a 50-day simple moving average of $220.63 and a 200 day simple moving average of $218.52. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $66.93 billion, a PE ratio of 31.64, a P/E/G ratio of 3.63 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced 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 return on equity of 18.44% and a net margin of 12.90%.The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the business posted $1.58 EPS. Republic Services’s 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. Research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s payout ratio is 36.50%.

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.