Nordea Investment Management AB Sells 46,299 Shares of Republic Services, Inc. $RSG

Nordea Investment Management AB lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,288,636 shares of the business services provider’s stock after selling 46,299 shares during the quarter. Nordea Investment Management AB’s holdings in Republic Services were worth $490,089,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RSG. Vanguard Group Inc. boosted its holdings in shares of Republic Services by 0.3% during the third quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider’s stock worth $4,384,757,000 after purchasing an additional 49,365 shares during the period. JPMorgan Chase & Co. increased its holdings in Republic Services by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,098,273 shares of the business services provider’s stock valued at $711,003,000 after purchasing an additional 409,142 shares during the period. Norges Bank bought a new position in Republic Services during the 2nd quarter valued at approximately $690,313,000. Franklin Resources Inc. lifted its holdings in Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after buying an additional 218,114 shares during the period. Finally, Invesco Ltd. grew its position in shares of Republic Services by 21.3% in the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after buying an additional 408,885 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wolfe Research assumed coverage on Republic Services in a report on Friday, March 13th. They set a “peer perform” rating for the company. Wells Fargo & Company lifted their price target on shares of Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday. Oppenheimer decreased their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Citigroup raised their target price on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Scotiabank cut their target price on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.40.

Republic Services Trading Down 1.5%

NYSE RSG opened at $219.57 on Friday. The firm has a market capitalization of $67.80 billion, a PE ratio of 32.05, a P/E/G ratio of 3.63 and a beta of 0.54. The stock’s 50 day moving average is $220.51 and its 200 day moving average is $218.74. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 36.79%.

Republic Services 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.