Raiffeisen Bank International AG Has $2.04 Million Holdings in Republic Services, Inc. $RSG

Raiffeisen Bank International AG increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 74.6% during the third quarter, HoldingsChannel.com reports. The firm owned 8,900 shares of the business services provider’s stock after buying an additional 3,804 shares during the period. Raiffeisen Bank International AG’s holdings in Republic Services were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RSG. Financial Consulate Inc. bought a new stake in Republic Services in the 3rd quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of 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 acquiring an additional 67 shares in the last quarter. NewSquare Capital LLC increased its stake in Republic Services by 68.5% in the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 50 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new position in Republic Services in the second quarter worth about $33,000. Finally, Westside Investment Management Inc. lifted its stake in Republic Services by 100.0% during the third quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after purchasing an additional 86 shares during the period. 57.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RSG. JPMorgan Chase & Co. dropped their target price on Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Robert W. Baird set a $240.00 price objective on Republic Services in a research note on Friday, October 31st. Wells Fargo & Company initiated coverage on shares of Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 target price on the stock. Sanford C. Bernstein upped their target price on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Finally, UBS Group set a $220.00 price target on shares of Republic Services in a report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $245.62.

Insiders Place Their Bets

In other news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director owned 5,740 shares in the company, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by company insiders.

Republic Services Price Performance

Shares of RSG stock opened at $219.44 on Friday. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The stock has a market capitalization of $67.76 billion, a PE ratio of 32.04, a PEG ratio of 3.63 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.58 and a current ratio of 0.64. The stock’s fifty day moving average is $215.34 and its 200-day moving average is $219.92.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Equities research analysts expect 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. Investors 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 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is currently 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.