LGT Capital Partners LTD. Purchases 32,360 Shares of Republic Services, Inc. $RSG

LGT Capital Partners LTD. boosted its position in Republic Services, Inc. (NYSE:RSG) by 42.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,260 shares of the business services provider’s stock after buying an additional 32,360 shares during the quarter. Republic Services makes up about 1.2% of LGT Capital Partners LTD.’s holdings, making the stock its 28th largest position. LGT Capital Partners LTD.’s holdings in Republic Services were worth $24,844,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares in the last quarter. MQS Management LLC bought a new position in Republic Services in the 2nd quarter worth approximately $395,000. Resonant Capital Advisors LLC grew its stake in Republic Services by 33.5% in the 2nd quarter. Resonant Capital Advisors LLC now owns 1,120 shares of the business services provider’s stock valued at $276,000 after buying an additional 281 shares in the last quarter. Solstein Capital LLC raised its holdings in Republic Services by 147.9% during the 2nd quarter. Solstein Capital LLC now owns 357 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 213 shares during the period. Finally, Cobblestone Capital Advisors LLC NY lifted its position in shares of Republic Services by 2.5% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 87,638 shares of the business services provider’s stock worth $21,612,000 after acquiring an additional 2,169 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of NYSE:RSG opened at $221.18 on Tuesday. The company’s fifty day moving average price is $215.46 and its 200-day moving average price is $219.71. 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 firm has a market capitalization of $68.30 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 3.63 and a beta of 0.54. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the business earned $1.58 earnings per share. 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 anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.50%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth bought 478 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer decreased their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Morgan Stanley decreased their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Barclays set a $227.00 price objective on shares of Republic Services in a research report on Monday. Bank of America decreased their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $245.62.

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.