Public Employees Retirement System of Ohio Invests $16.34 Million in Republic Services, Inc. $RSG

Public Employees Retirement System of Ohio purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 76,660 shares of the business services provider’s stock, valued at approximately $16,335,000.

Several other large investors have also recently added to or reduced their stakes in RSG. CBIZ Investment Advisory Services LLC boosted its holdings in Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after purchasing an additional 45 shares during the period. Focus Financial Network Inc. lifted its position in shares of Republic Services by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after buying an additional 46 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Republic Services by 0.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after buying an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its holdings in shares of Republic Services by 2.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after buying an additional 49 shares during the period. Finally, AlphaCentric Advisors LLC grew its position in shares of Republic Services by 5.9% during the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after buying an additional 50 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

More Republic Services News

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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. UBS Group increased their price target on Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Citigroup raised their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Barclays upped their price objective on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $232.00 target price on Republic Services in a research report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 301,639 shares of the stock in a transaction dated Monday, August 24th. The shares were bought at an average cost of $222.91 per share, with a total value of $67,238,349.49. Following the completion of the acquisition, the insider owned 113,105,550 shares of the company’s stock, valued at approximately $25,212,358,150.50. This trade represents a 0.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 3,131,145 shares of company stock valued at $685,244,030 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Republic Services Price Performance

NYSE RSG opened at $222.24 on Friday. The company has a 50-day moving average price of $216.42 and a two-hundred day moving average price of $215.19. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18. The stock has a market cap 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. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given 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 presently 35.41%.

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.