US Bancorp DE Has $34.55 Million Holdings in Republic Services, Inc. $RSG

US Bancorp DE trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 2.0% in the third quarter, Holdings Channel reports. The institutional investor owned 150,550 shares of the business services provider’s stock after selling 3,109 shares during the period. US Bancorp DE’s holdings in Republic Services were worth $34,548,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bowen Hanes & Co. Inc. boosted its stake in 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 buying an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Republic Services by 32.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after buying an additional 5,740 shares during the last quarter. National Pension Service increased its stake in Republic Services by 1.2% during the 3rd quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after purchasing an additional 9,041 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Republic Services by 7,683.2% in the 3rd quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after purchasing an additional 730,287 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Republic Services by 60.0% during the third 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 period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

Republic Services stock opened at $228.85 on Friday. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75. The company’s 50-day moving average is $216.26 and its 200 day moving average is $219.59. The firm has a market capitalization of $70.67 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 3.71 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.

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

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend 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%.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent research reports. Barclays set a $227.00 price objective on shares of Republic Services in a research report on Monday. UBS Group set a $220.00 target price on Republic Services in a report on Monday, January 5th. Scotiabank dropped their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Robert W. Baird set a $240.00 price objective on Republic Services in a research note on Friday, October 31st. Finally, The Goldman Sachs Group assumed coverage on Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.62.

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.