BNP Paribas Financial Markets Raises Stock Holdings in Republic Services, Inc. $RSG

Key Points

• BNP Paribas Financial Markets raised its stake in Republic Services by 93.3% in Q3 to 907,735 shares (about $208.3M), representing roughly 0.29% of the company as other institutions also increased positions.
• Republic Services beat quarterly EPS estimates ($1.76 vs. $1.62) and set FY2026 guidance of $7.20–$7.28 per share, while sell-side analysts project about 6.86 EPS for the year.
• The company announced a quarterly dividend of $0.625 (annualized $2.50, ~1.1% yield); the stock has a market cap of $68.9B and a consensus analyst rating of Moderate Buy with a $245.70 target.

BNP Paribas Financial Markets raised its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 93.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 907,735 shares of the business services provider's stock after purchasing an additional 438,219 shares during the period. BNP Paribas Financial Markets owned about 0.29% of Republic Services worth $208,307,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RSG. Kepler Cheuvreux Suisse SA acquired a new position in shares of Republic Services during the 3rd quarter worth approximately $38,818,000. Financial Life Planners acquired a new stake in Republic Services in the 3rd quarter valued at $58,000. DE Burlo Group Inc. increased its holdings in 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 acquiring an additional 17,640 shares in the last quarter. Magnetar Financial LLC raised its position in Republic Services by 471.7% during the third quarter. Magnetar Financial LLC now owns 18,448 shares of the business services provider's stock worth $4,233,000 after acquiring an additional 15,221 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in 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 purchasing an additional 5,295 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 3.1%

Shares of NYSE RSG opened at $223.11 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average of $218.57 and a 200 day moving average of $219.21. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The stock has a market cap of $68.90 billion, a PE ratio of 32.57, a P/E/G ratio of 3.80 and a beta of 0.54.

Republic Services (NYSE:RSG - Get Free Report) last issued its 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. The business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services's dividend payout ratio is presently 36.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. BMO Capital Markets cut their target price on shares of 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 assumed coverage on Republic Services in a report on Monday, November 24th. They issued a "buy" rating and a $255.00 price objective on the stock. Bank of America reduced their target price on Republic Services from $271.00 to $241.00 and set a "buy" rating for the company in a report on Monday, December 22nd. Citigroup raised their target price on Republic Services from $244.00 to $253.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Republic Services in a research report on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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