Nordea Investment Management AB Lowers Position in Republic Services, Inc. $RSG

Nordea Investment Management AB decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 owned 0.74% of Republic Services worth $490,089,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Cooper Financial Group lifted its position in Republic Services by 8.6% during the fourth quarter. Cooper Financial Group now owns 1,199 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 95 shares during the last quarter. Tounjian Advisory Partners LLC bought a new position in shares of Republic Services in the 4th quarter worth $1,272,000. Permanent Capital Management LP purchased a new stake in shares of Republic Services during the 4th quarter valued at $203,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Republic Services by 20.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,045 shares of the business services provider’s stock worth $221,000 after acquiring an additional 181 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its position in Republic Services by 5,416.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 662 shares of the business services provider’s stock worth $140,000 after acquiring an additional 650 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

NYSE RSG opened at $219.57 on Friday. The company has a 50-day simple moving average of $220.51 and a two-hundred day simple moving average of $218.74. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The firm has a market cap of $67.80 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 3.63 and a beta of 0.54. 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 released its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.62 by $0.14. The firm had revenue of $4.14 billion for 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 company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a $0.625 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s payout ratio is presently 36.79%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Sanford C. Bernstein upped their price objective on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Morgan Stanley decreased their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Scotiabank dropped their target price on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Finally, Oppenheimer reduced their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $246.40.

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.