Kepler Cheuvreux Suisse SA Buys New Position in Republic Services, Inc. $RSG

Kepler Cheuvreux Suisse SA bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 169,155 shares of the business services provider’s stock, valued at approximately $38,818,000. Republic Services accounts for about 2.1% of Kepler Cheuvreux Suisse SA’s investment portfolio, making the stock its 14th largest position. Kepler Cheuvreux Suisse SA owned approximately 0.05% of Republic Services at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Republic Services during the second quarter worth $73,000. Vestmark Advisory Solutions Inc. acquired a new stake in Republic Services in the second quarter worth $269,000. AE Wealth Management LLC increased its stake in Republic Services by 19.6% in the second quarter. AE Wealth Management LLC now owns 4,328 shares of the business services provider’s stock valued at $1,067,000 after purchasing an additional 708 shares in the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of Republic Services by 3.5% during the second quarter. AGF Management Ltd. now owns 11,984 shares of the business services provider’s stock valued at $2,955,000 after purchasing an additional 403 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Trading Down 3.1%

RSG opened at $223.11 on Wednesday. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The firm has a market capitalization of $68.90 billion, a PE ratio of 32.57, a P/E/G ratio of 3.80 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50-day moving average is $218.57 and its 200 day moving average is $219.21.

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

Republic Services Dividend Announcement

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 dividend of $0.625 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s dividend payout ratio is 36.50%.

Analyst Ratings Changes

Several brokerages have recently commented on RSG. BMO Capital Markets reduced their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. The Goldman Sachs Group initiated coverage on Republic Services in a research note on Monday, November 24th. They set a “buy” rating and a $255.00 price target on the stock. Wells Fargo & Company began coverage on Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective for the company. UBS Group boosted their price objective on Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Morgan Stanley cut their target price on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.70.

Republic Services Company Profile

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.