CIBC Bancorp USA Inc. Makes New $7.08 Million Investment in Republic Services, Inc. $RSG

CIBC Bancorp USA Inc. acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,850 shares of the business services provider’s stock, valued at approximately $7,079,000.

Other hedge funds have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in shares of Republic Services during the third quarter valued at $25,000. Wealth Watch Advisors INC bought a new position in Republic Services in the 3rd quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC grew its position 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 during the 3rd quarter valued at about $29,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in Republic Services in the second quarter worth about $33,000. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

Shares of RSG opened at $219.57 on Friday. The business has a 50-day simple moving average of $220.51 and a two-hundred day simple moving average of $218.84. 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 52 week low of $201.42 and a 52 week high of $258.75. 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.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. Republic Services’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays set a $227.00 price objective on shares of Republic Services in a report on Monday, February 23rd. Citigroup lifted their target price on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wells Fargo & Company boosted their price target on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday. Oppenheimer reduced their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, Sanford C. Bernstein upped 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 note on Monday, January 5th. Thirteen research 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 company has a consensus rating of “Moderate Buy” and a consensus 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.