Republic Services, Inc. $RSG Shares Purchased by Rathbones Group PLC

Key Points

• Rathbones Group PLC raised its Republic Services stake 11.5% in Q3 to 93,182 shares (worth $21.38M), while other institutions including Vanguard, JPMorgan and new investor Norges Bank (≈$690.3M position) also increased or established sizable holdings, with institutions owning 57.73% of the stock.
• Republic Services beat Q results with $1.76 EPS (vs. $1.62 est.) and $4.14B revenue (slightly below expectations), issued FY2026 guidance of $7.20–$7.28 EPS (analysts ~6.86), and holds a consensus rating of Moderate Buy with an average price target of $245.70.
• The company declared a quarterly dividend of $0.625 (annualized $2.50, ~1.1% yield), and an insider, director Katharine Weymouth, bought 478 shares, boosting her stake by 9.08%.

Rathbones Group PLC raised its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,182 shares of the business services provider's stock after acquiring an additional 9,611 shares during the period. Rathbones Group PLC's holdings in Republic Services were worth $21,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 purchasing an additional 49,365 shares during the last quarter. Geode Capital Management LLC grew its holdings in Republic Services by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider's stock valued at $1,187,328,000 after buying an additional 144,003 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Republic Services by 15.2% in the 3rd 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 last quarter. Norges Bank purchased a new position in shares of Republic Services during the 2nd quarter worth $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 valued at $586,854,000 after acquiring an additional 218,114 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Scotiabank cut their price objective on shares of Republic Services from $246.00 to $242.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 21st. Wells Fargo & Company started 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 for the company. UBS Group lifted their price target on shares of Republic Services from $225.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Republic Services in a research report on Monday, December 29th. Finally, Sanford C. Bernstein raised their target price on Republic Services from $205.00 to $220.00 and gave the stock a "market perform" rating in a research note on Monday, January 5th. 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, Republic Services currently has a consensus rating of "Moderate Buy" and an average price target of $245.70.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of Republic Services stock in a transaction dated 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 completion of the transaction, the director owned 5,740 shares of the company's stock, valued at $1,202,300.40. This trade represents 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 link. 0.11% of the stock is owned by company insiders.

Republic Services Price Performance

Shares of RSG opened at $231.33 on Monday. The firm has a 50-day simple moving average of $218.08 and a two-hundred day simple moving average of $219.32. The stock has a market cap of $71.43 billion, a PE ratio of 33.77, a P/E/G ratio of 3.82 and a beta of 0.54. 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.

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

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a $0.625 dividend. This represents a $2.50 annualized dividend 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 Company 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.

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.