Citigroup Inc. Buys 143,704 Shares of Republic Services, Inc. $RSG

Citigroup Inc. lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 68.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 352,462 shares of the business services provider’s stock after acquiring an additional 143,704 shares during the period. Citigroup Inc.’s holdings in Republic Services were worth $80,883,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Republic Services during the second quarter worth approximately $690,313,000. Bessemer Group Inc. lifted its stake in shares of Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after buying an additional 730,287 shares during the last quarter. M&G PLC grew its stake in Republic Services by 113.0% in the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock valued at $287,670,000 after buying an additional 617,939 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Republic Services by 174.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after acquiring an additional 435,816 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Republic Services by 15.2% during 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. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Robert W. Baird set a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. UBS Group set a $220.00 price target on shares of Republic Services in a research note on Monday, January 5th. Sanford C. Bernstein boosted their price target on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a report on Friday, October 31st. Finally, Barclays lowered their target price on shares of Republic Services from $237.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $245.62.

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the transaction, 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Price Performance

Shares of RSG stock opened at $219.44 on Monday. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $215.34 and its 200-day moving average is $219.81. The firm has a market capitalization of $67.76 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 3.63 and a beta of 0.54.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $1.58 earnings per share. Republic Services’s revenue for the quarter 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. Sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a $0.625 dividend. This represents a $2.50 annualized dividend 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 36.50%.

About Republic Services

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.