Republic Services, Inc. $RSG Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co grew its stake in Republic Services, Inc. (NYSE:RSG) by 25.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 67,178 shares of the business services provider’s stock after purchasing an additional 13,700 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Republic Services were worth $14,237,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Intact Investment Management Inc. acquired a new stake in shares of Republic Services in the 4th quarter valued at about $85,000. Fenimore Asset Management Inc raised its stake in shares of Republic Services by 3.0% in the 4th quarter. Fenimore Asset Management Inc now owns 290,625 shares of the business services provider’s stock valued at $61,592,000 after purchasing an additional 8,484 shares in the last quarter. Strs Ohio raised its stake in shares of Republic Services by 21.9% in the 4th quarter. Strs Ohio now owns 58,204 shares of the business services provider’s stock valued at $12,335,000 after purchasing an additional 10,450 shares in the last quarter. Composition Wealth LLC raised its stake in Republic Services by 1.4% during the fourth quarter. Composition Wealth LLC now owns 3,793 shares of the business services provider’s stock worth $804,000 after acquiring an additional 52 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Republic Services during the fourth quarter worth about $82,751,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

NYSE RSG opened at $206.44 on Tuesday. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The stock has a market cap of $63.78 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 3.43 and a beta of 0.43. The company has a 50-day moving average price of $218.78 and a two-hundred day moving average price of $216.02.

Republic Services (NYSE:RSG) last posted its earnings results 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. 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 prior year, the firm earned $1.58 EPS. Republic Services’s quarterly 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were given a $0.625 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio is 36.79%.

Analysts Set New Price Targets

Several research firms recently weighed in on RSG. Citigroup increased their price objective on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Scotiabank dropped their price objective 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. Morgan Stanley dropped their price objective on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings lowered shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Wolfe Research began coverage on shares of Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating on the stock. Nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $244.67.

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.