5,553 Shares in Republic Services, Inc. $RSG Bought by AIA Group Ltd

AIA Group Ltd bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,553 shares of the business services provider’s stock, valued at approximately $1,274,000.

Other institutional investors have also made changes to their positions in the company. Bowen Hanes & Co. Inc. grew its stake in shares of 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 worth $62,772,000 after acquiring an additional 17,280 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Republic Services by 32.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock valued at $5,326,000 after acquiring an additional 5,740 shares during the period. National Pension Service raised 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 worth $174,094,000 after buying an additional 9,041 shares in the last quarter. Bessemer Group Inc. raised its stake in 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 acquiring an additional 730,287 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Republic Services by 60.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock valued at $2,906,000 after purchasing an additional 4,750 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

Shares of NYSE RSG opened at $219.57 on Friday. The stock has a market cap of $67.80 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 3.69 and a beta of 0.54. 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, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The firm’s 50-day simple moving average is $220.51 and its 200 day simple moving average is $218.84.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) 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 the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $1.58 EPS. The firm’s quarterly 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. As a group, research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s dividend payout ratio is currently 36.50%.

Analysts Set New Price Targets

RSG has been the subject of a number of research analyst reports. Bank of America cut their price target on Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Sanford C. Bernstein boosted their price objective on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Wells Fargo & Company increased their price target on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Finally, BMO Capital Markets reduced their target price on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.