Capital World Investors Lowers Stock Position in Republic Services, Inc. $RSG

Key Points

• Capital World Investors cut its Republic Services stake by 18.3% in Q3, selling 1,539,379 shares and now holds 6,866,440 shares (~2.22%) worth about $1.576 billion, while other major funds (Vanguard, JPMorgan, Norges Bank) largely added or initiated positions and institutional ownership remains ~57.7%.
• Republic Services beat EPS at $1.76 vs. $1.62 but missed revenue ($4.14B vs. $4.21B); management set FY2026 guidance of $7.20–$7.28 EPS
• Analysts' consensus is a "Moderate Buy" with an average price target of $245.70 while shares trade around $230, carrying a P/E of ~33.6 and a quarterly dividend of $0.625 (annual $2.50, ~1.1% yield).

Capital World Investors reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,866,440 shares of the business services provider's stock after selling 1,539,379 shares during the period. Capital World Investors owned approximately 2.22% of Republic Services worth $1,575,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Republic Services by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider's stock worth $4,384,757,000 after purchasing an additional 49,365 shares during the last quarter. Geode Capital Management LLC increased its position in Republic Services by 3.1% during the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider's stock worth $1,187,328,000 after purchasing an additional 144,003 shares during the last quarter. JPMorgan Chase & Co. grew its position in Republic Services by 15.2% in 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 shares of Republic Services during the 2nd quarter worth about $690,313,000. Finally, Franklin Resources Inc. boosted its position in shares of Republic Services by 10.1% during the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider's stock worth $586,854,000 after purchasing an additional 218,114 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RSG shares. Oppenheimer cut their target price on shares of Republic Services from $256.00 to $255.00 and set an "outperform" rating on the stock in a research note on Friday, January 23rd. Wells Fargo & Company initiated coverage on shares of Republic Services in a research note on Thursday, November 13th. They issued an "overweight" rating and a $238.00 price target on the stock. Sanford C. Bernstein boosted their price target on shares of Republic Services from $205.00 to $220.00 and gave the company a "market perform" rating in a research report on Monday, January 5th. BMO Capital Markets dropped their price target on Republic Services from $251.00 to $248.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 18th. Finally, 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. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $245.70.

Republic Services Trading Down 0.3%

Shares of RSG stock opened at $230.34 on Tuesday. 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 business's 50 day moving average is $218.40 and its two-hundred day moving average is $219.29. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a market capitalization of $71.13 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 3.82 and a beta of 0.54.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.21 billion. During the same period in the previous year, the company posted $1.58 EPS. Republic Services's 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. Equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services's payout ratio is currently 36.50%.

Republic Services 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.

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