Chevy Chase Trust Holdings LLC Sells 3,719 Shares of Republic Services, Inc. $RSG

Chevy Chase Trust Holdings LLC trimmed its position in Republic Services, Inc. (NYSE:RSG) by 3.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 104,109 shares of the business services provider’s stock after selling 3,719 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Republic Services were worth $23,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Republic Services by 0.3% in the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock valued at $4,384,757,000 after acquiring an additional 49,365 shares during the period. JPMorgan Chase & Co. increased its position in Republic Services by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock worth $711,003,000 after acquiring an additional 409,142 shares during the period. Norges Bank acquired a new stake in Republic Services in the 2nd quarter worth about $690,313,000. Franklin Resources Inc. boosted its holdings in Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock valued at $586,854,000 after purchasing an additional 218,114 shares during the period. Finally, Invesco Ltd. grew its position in shares of Republic Services by 21.3% during the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $223.93 on Tuesday. The firm’s 50 day simple moving average is $219.60 and its 200 day simple moving average is $218.95. The firm has a market capitalization of $69.15 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 3.71 and a beta of 0.54. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75.

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

Republic Services Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on RSG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Wolfe Research initiated coverage on Republic Services in a research report on Friday. They set a “peer perform” rating on the stock. Citigroup lifted their price objective on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a report on Monday, February 23rd. UBS Group upped their target price on Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Bank of America reduced their target price on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $245.70.

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.