Danske Bank A S Purchases Shares of 166,705 Republic Services, Inc. $RSG

Danske Bank A S acquired a new position in Republic Services, Inc. (NYSE:RSG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 166,705 shares of the business services provider’s stock, valued at approximately $38,255,000. Danske Bank A S owned 0.05% of Republic Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Financial Consulate Inc. bought a new stake in shares of Republic Services in the third quarter valued at approximately $25,000. Wealth Watch Advisors INC bought a new position in Republic Services during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Republic Services by 121.8% during the 3rd 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 Republic Services in the 3rd quarter valued at $29,000. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in Republic Services in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 1.1%

RSG opened at $222.29 on Thursday. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The firm has a market cap of $68.64 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 3.72 and a beta of 0.54. The firm’s 50-day simple moving average is $220.14 and its 200-day simple moving average is $218.91. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS 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 business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the company earned $1.58 EPS. Republic Services’s revenue for the quarter 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 research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a $0.625 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is 36.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RSG. Scotiabank cut their price objective on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Barclays set a $227.00 price target on Republic Services in a research note on Monday, February 23rd. Wolfe Research initiated coverage on Republic Services in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. Citigroup lifted their price objective on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Oppenheimer cut their target price on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $246.40.

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.