Cibc World Market Inc. Sells 9,733 Shares of Republic Services, Inc. $RSG

Posted by Brian Himes on Jun 10th, 2026

Cibc World Market Inc. cut its holdings in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 51.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,060 shares of the business services provider’s stock after selling 9,733 shares during the period. Cibc World Market Inc.’s holdings in Republic Services were worth $1,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Watch Advisors INC bought a new stake in Republic Services during the third quarter valued at about $26,000. Laurel Wealth Advisors LLC bought a new stake in Republic Services during the fourth quarter valued at about $25,000. Ameriflex Group Inc. bought a new stake in Republic Services during the third quarter valued at about $29,000. Sound Income Strategies LLC bought a new stake in Republic Services during the fourth quarter valued at about $32,000. Finally, JPL Wealth Management LLC bought a new stake in Republic Services during the third quarter valued at about $50,000. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Up 2.4%

Shares of Republic Services stock opened at $209.93 on Wednesday. The business has a 50-day moving average price of $209.45 and a 200-day moving average price of $214.67. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $253.38. The firm has a market cap of $64.59 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 3.37 and a beta of 0.41.

Republic Services (NYSE:RSG – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Republic Services, Inc. will post 7.28 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Republic Services’s payout ratio is presently 36.15%.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of Republic Services stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the completion of the purchase, the insider directly owned 110,803,982 shares of the company’s stock, valued at $23,635,597,400.42. The trade was a 0.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased 987,150 shares of company stock worth $202,366,682 over the last quarter. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. Citigroup cut their price objective on Republic Services from $253.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Barclays raised their price objective on Republic Services from $227.00 to $233.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. UBS Group cut their price objective on Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada raised their price objective on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus target price of $243.26.

Get Our Latest Stock Report on RSG

About Republic Services

(Free Report)

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.