DE Burlo Group Inc. Has $14.11 Million Stake in Republic Services, Inc. $RSG

DE Burlo Group Inc. lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 40.2% in the third quarter, Holdings Channel.com reports. The fund owned 61,498 shares of the business services provider’s stock after purchasing an additional 17,640 shares during the quarter. Republic Services accounts for approximately 1.7% of DE Burlo Group Inc.’s portfolio, making the stock its 26th largest position. DE Burlo Group Inc.’s holdings in Republic Services were worth $14,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RSG. Brighton Jones LLC boosted its stake in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Republic Services during the second quarter worth about $73,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Republic Services during the second quarter worth approximately $269,000. AE Wealth Management LLC raised its stake in shares of Republic Services by 19.6% in the second quarter. AE Wealth Management LLC now owns 4,328 shares of the business services provider’s stock valued at $1,067,000 after acquiring an additional 708 shares during the last quarter. Finally, AGF Management Ltd. boosted its holdings in shares of Republic Services by 3.5% in the 2nd quarter. AGF Management Ltd. now owns 11,984 shares of the business services provider’s stock worth $2,955,000 after acquiring an additional 403 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 3.1%

RSG stock opened at $223.11 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a market cap of $68.90 billion, a P/E ratio of 32.57, a PEG ratio of 3.80 and a beta of 0.54. The business has a fifty day moving average of $218.57 and a 200-day moving average of $219.21.

Republic Services (NYSE:RSG) last posted its quarterly earnings results 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. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.625 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services’s payout ratio is currently 36.50%.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised their price target on Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a report on Monday, December 29th. Morgan Stanley cut their price target on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. UBS Group upped their price target on shares of Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, Scotiabank lowered 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. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $245.70.

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.