Mirae Asset Global Investments Co. Ltd. Has $6.98 Million Holdings in Republic Services, Inc. $RSG

Mirae Asset Global Investments Co. Ltd. grew its position in Republic Services, Inc. (NYSE:RSG) by 23.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 32,952 shares of the business services provider’s stock after buying an additional 6,194 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Republic Services were worth $6,984,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RSG. Brighton Jones LLC grew its position in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 8,547 shares during the last quarter. Federated Hermes Inc. grew its position in Republic Services by 23.2% during the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after acquiring an additional 3,303 shares during the last quarter. NewEdge Advisors LLC grew its position in Republic Services by 3.6% during the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock worth $7,322,000 after acquiring an additional 1,044 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Republic Services by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock worth $23,336,000 after acquiring an additional 688 shares during the last quarter. Finally, Ieq Capital LLC grew its position in Republic Services by 68.4% during the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after acquiring an additional 4,729 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of research analyst reports. Barclays set a $227.00 price target on Republic Services in a research report on Monday, February 23rd. Citigroup increased their price target on Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Bank of America dropped their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Friday, March 27th. Finally, Oppenheimer dropped their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Thirteen investment 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, the stock has an average rating of “Moderate Buy” and an average target price of $247.00.

Republic Services Stock Performance

RSG stock opened at $208.54 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 company has a 50 day moving average price of $220.96 and a 200 day moving average price of $216.89. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The stock has a market capitalization of $64.43 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 3.44 and a beta of 0.53.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.14. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the company posted $1.58 EPS. Republic Services’s revenue was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Analysts forecast that Republic Services, Inc. will post 7.22 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were paid a $0.625 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 36.79%.

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.