12/6/2025, 12:00:00 AM | www.marketbeat.com | news

Republic Services, Inc. (NYSE:RSG) Shares Sold by Maryland State Retirement & Pension System

The Maryland State Retirement & Pension System reduced its stake in Republic Services, Inc. (RSG) by 12.5% in the first quarter, selling 1,365 shares and now holding 9,595 shares valued at approximately $2.32 million. Other institutional investors made significant moves, including Golden State Wealth Management LLC, which increased its stake by 3,533.3% to 109 shares worth $26,000; TCTC Holdings LLC, which raised its position by 113.8% to 124 shares valued at $30,000; Key Financial Inc., which increased its stake by 380.8% to 125 shares valued at $30,000; and two new purchases by Cheviot Value Management LLC and Park Square Financial Group LLC, valued at $49,000 and $44,000 respectively. Institutional investors and hedge funds collectively own 57.73% of the company's stock. Republic Services declared a quarterly dividend of $0.625, up from $0.58, resulting in an annualized yield of 1.1% and a payout ratio of 34.32%. The company reported earnings of $1.77 EPS, slightly above consensus, with revenue of $4.24 billion and a 12.97% net margin. Analysts predict $6.86 EPS for the current fiscal year. The company operates in environmental services in the U.S. and Canada, has a market cap of $73.48 billion, and a P/E ratio of 34.82. Analyst ratings include 'strong-buy' from Seaport Res Ptn, 'hold' from Melius, 'outperform' with a $266.00 target from Royal Bank of Canada, 'buy' with a $270.00 target from Truist Financial, and 'equal weight' with a $245.00 target from Morgan Stanley. The consensus rating is 'Moderate Buy' with a $262.17 target price.