Republic Services, Inc. $RSG Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 16.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 639,009 shares of the business services provider’s stock after selling 126,802 shares during the quarter. California Public Employees Retirement System owned 0.21% of Republic Services worth $146,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSG. Bowen Hanes & Co. Inc. lifted its holdings in Republic Services by 7.3% in the second quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after acquiring an additional 17,280 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Republic Services by 32.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after purchasing an additional 5,740 shares during the period. National Pension Service increased its holdings in shares of Republic Services by 1.2% in the 3rd quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after purchasing an additional 9,041 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after purchasing an additional 730,287 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Republic Services by 60.0% during the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock worth $2,906,000 after buying an additional 4,750 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. UBS Group boosted their price target on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Citigroup upped their price target on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Sanford C. Bernstein lifted their price objective on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Finally, Oppenheimer decreased their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.70.

Republic Services Stock Down 0.6%

Shares of NYSE RSG opened at $224.50 on Monday. The firm’s 50-day moving average is $219.38 and its two-hundred day moving average is $219.02. The company has a market capitalization of $69.32 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 3.71 and a beta of 0.54. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. 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 data 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 net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the company posted $1.58 EPS. The company’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. Equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business 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. 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 payout ratio is 36.50%.

About Republic Services

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.