Chevy Chase Trust Holdings LLC Has $23.89 Million Stock Position in Republic Services, Inc. $RSG

Chevy Chase Trust Holdings LLC cut its holdings in Republic Services, Inc. (NYSE:RSG) by 3.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,109 shares of the business services provider’s stock after selling 3,719 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Republic Services were worth $23,891,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RSG. Bowen Hanes & Co. Inc. grew its holdings in shares of Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after acquiring an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Republic Services by 32.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after acquiring an additional 5,740 shares in the last quarter. National Pension Service boosted its position in Republic Services by 1.2% during the third quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after purchasing an additional 9,041 shares during the last quarter. Bessemer Group Inc. grew its stake in 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 valued at $169,768,000 after purchasing an additional 730,287 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Republic Services by 60.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock worth $2,906,000 after purchasing an additional 4,750 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.2%

Shares of Republic Services stock opened at $223.93 on Tuesday. 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 business has a fifty day simple moving average of $219.60 and a two-hundred day simple moving average of $218.95. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The company has a market capitalization of $69.15 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 3.71 and a beta of 0.54.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.62 by $0.14. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on RSG. Oppenheimer decreased their target price 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. Wolfe Research started coverage on shares of Republic Services in a research note on Friday. They issued a “peer perform” rating for the company. BMO Capital Markets decreased their price objective on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Morgan Stanley lowered their price objective on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Finally, UBS Group raised their target price on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.