Public Employees Retirement System of Ohio Buys Shares of 76,660 Republic Services, Inc. $RSG

Public Employees Retirement System of Ohio purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 76,660 shares of the business services provider’s stock, valued at approximately $16,335,000.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc acquired a new stake in shares of Republic Services during the second quarter worth $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Republic Services in the third quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Republic Services in the second quarter valued at $27,000. Finally, Compass Financial Management LLC purchased a new position in Republic Services during the second quarter worth about $27,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Barclays lifted their target price on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a research note on Friday, May 8th. Finally, Citigroup increased their price objective on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.26.

Trending Headlines about Republic Services

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Cascade Investment continued its aggressive accumulation of RSG. The major shareholder purchased 284,600 shares on August 27 for approximately $62.5 million and 275,500 shares on August 26 for about $61.0 million. These purchases followed a $59.8 million acquisition on August 25 and a series of additional open-market buys. Recent disclosures indicate Cascade has bought more than 3.5 million shares worth approximately $764 million over six months, a potential signal of long-term confidence in Republic Services. Major Investment Powerhouse Makes Massive New Move Into Republic Services Stock
• Positive Sentiment: Analyst sentiment remains constructive. Republic Services carries a consensus “Moderate Buy” rating, with 12 Buy ratings and 10 Holds. The average price target is approximately $245, above recent trading levels, while Citigroup and RBC Capital Markets have set targets of $259 and $267, respectively. Republic Services Receives Consensus Rating of Moderate Buy
• Positive Sentiment: The dividend was raised. Republic Services increased its quarterly dividend to $0.67 from $0.62, equivalent to $2.68 annually and a yield of about 1.2%. The increase reinforces the company’s shareholder-return profile.
• Neutral Sentiment: Recent coverage also highlighted Republic Services as a participant in the broader circular-economy and recycling investment theme. The company’s latest quarter included revenue growth of 4.6% and an EPS beat, but those results were reported earlier and are likely already reflected in the valuation.
• Negative Sentiment: At roughly 31 times earnings and a PEG ratio above 3.5, RSG is priced at a premium. Some institutional investors reduced holdings recently, and UBS maintains a neutral rating, limiting the potential impact of the bullish signals.

Republic Services Stock Up 1.4%

Shares of NYSE:RSG opened at $222.24 on Friday. The company has a 50 day moving average of $216.42 and a two-hundred day moving average of $215.19. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $235.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $68.05 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. Republic Services’s payout ratio is 35.41%.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 301,639 shares of Republic Services stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $222.91 per share, for a total transaction of $67,238,349.49. Following the purchase, the insider owned 113,105,550 shares in the company, valued at $25,212,358,150.50. This represents a 0.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders purchased 3,131,145 shares of company stock valued at $685,244,030. Corporate insiders own 0.12% of the company’s stock.

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.