Danske Bank A S Acquires Shares of 166,705 Republic Services, Inc. $RSG

Danske Bank A S bought a new position in Republic Services, Inc. (NYSE:RSG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 166,705 shares of the business services provider’s stock, valued at approximately $38,255,000.

Other hedge funds have also modified their holdings of the company. Financial Consulate Inc. bought a new position in Republic Services in the 3rd quarter valued at $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Ameriflex Group Inc. bought a new position in Republic Services in the third quarter valued at about $29,000. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in Republic Services during the 2nd quarter worth about $33,000. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $222.29 on Thursday. The firm’s 50 day simple moving average is $220.14 and its 200 day simple moving average is $218.91. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 3.72 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm 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 dividend yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s dividend payout ratio is 36.79%.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research reports. Bank of America cut their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. UBS Group boosted their price target on shares of Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Sanford C. Bernstein increased their price objective 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. BMO Capital Markets lowered their target price on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Finally, Morgan Stanley dropped their target price on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $246.40.

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.