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

Kepler Cheuvreux Suisse SA purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the third quarter, Holdings Channel.com reports. The fund purchased 169,155 shares of the business services provider’s stock, valued at approximately $38,818,000. Republic Services accounts for approximately 2.1% of Kepler Cheuvreux Suisse SA’s portfolio, making the stock its 14th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in Republic Services in the 3rd quarter valued at about $58,000. DE Burlo Group Inc. boosted its stake in shares of Republic Services by 40.2% in the 3rd quarter. DE Burlo Group Inc. now owns 61,498 shares of the business services provider’s stock worth $14,113,000 after buying an additional 17,640 shares during the last quarter. Magnetar Financial LLC grew its holdings in shares of Republic Services by 471.7% in the third quarter. Magnetar Financial LLC now owns 18,448 shares of the business services provider’s stock valued at $4,233,000 after acquiring an additional 15,221 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Republic Services by 14.3% during the third quarter. Van ECK Associates Corp now owns 42,365 shares of the business services provider’s stock valued at $9,722,000 after acquiring an additional 5,295 shares during the last quarter. Finally, Capital International Inc. CA increased its position in shares of Republic Services by 26.7% during the third quarter. Capital International Inc. CA now owns 31,200 shares of the business services provider’s stock valued at $7,160,000 after acquiring an additional 6,584 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America cut their price objective on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. UBS Group lifted their target price on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. The Goldman Sachs Group began coverage on shares of Republic Services in a report on Monday, November 24th. They issued a “buy” rating and a $255.00 price target on the stock. Morgan Stanley reduced their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Finally, Scotiabank lowered their price objective on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $245.70.

Republic Services Stock Performance

Shares of RSG opened at $223.11 on Wednesday. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. 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 stock’s fifty day moving average price is $218.57 and its two-hundred day moving average price is $219.21. The firm has a market cap of $68.90 billion, a PE ratio of 32.57, a PEG ratio of 3.80 and a beta of 0.54.

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

Republic Services Announces Dividend

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