Russell Investments Group Ltd. Raises Stock Position in Republic Services, Inc. $RSG

Key Points

• Russell Investments raised its stake in Republic Services by 37.9% in Q3, buying 76,813 shares to hold 279,471 shares (about 0.09% of the company) valued at roughly $64.13 million, and other major institutions (Vanguard, JPMorgan, Geode, Norges Bank, Franklin) also increased positions, leaving institutional ownership at about 57.73%.
• Republic Services beat Q results with EPS $1.76 vs. $1.62 consensus and set FY2026 guidance of $7.20–$7.28 per share, versus sell-side average expectations near $6.86, though revenue slightly missed estimates.
• The stock trades around $223 (down 3.1% on the day) with a market cap of ~$68.9B and a P/E of 32.6, and the company announced a quarterly dividend of $0.625 (annual $2.50, ~1.1% yield).

Russell Investments Group Ltd. lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 37.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 279,471 shares of the business services provider's stock after purchasing an additional 76,813 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Republic Services worth $64,132,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased 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 buying an additional 49,365 shares during the period. Geode Capital Management LLC boosted its position 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 during the period. JPMorgan Chase & Co. grew its stake in shares of 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 in the last quarter. Norges Bank purchased a new stake in shares of Republic Services during the second quarter worth $690,313,000. Finally, Franklin Resources Inc. raised its stake in shares of Republic Services by 10.1% in the second 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 in the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Down 3.1%

Republic Services stock opened at $223.11 on Wednesday. The stock's fifty day moving average is $218.57 and its two-hundred day moving average is $219.21. 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, 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 data 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 business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The business's revenue for the quarter was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, sell-side analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business 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 dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services's dividend payout ratio (DPR) is presently 36.50%.

Analyst Upgrades and Downgrades

RSG has been the subject of several analyst reports. Barclays set a $227.00 target price on Republic Services in a research note on Monday, February 23rd. The Goldman Sachs Group started coverage on Republic Services in a research note on Monday, November 24th. They issued a "buy" rating and a $255.00 price objective for the company. Bank of America lowered their price objective on Republic Services from $271.00 to $241.00 and set a "buy" rating for the company in a research report on Monday, December 22nd. Morgan Stanley reduced their target price on shares of Republic Services from $230.00 to $225.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 18th. Finally, Oppenheimer decreased their price target on shares of Republic Services from $256.00 to $255.00 and set an "outperform" rating for the company in a research note on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $245.70.

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.

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