Lansforsakringar Fondforvaltning AB publ Grows Stock Holdings in Republic Services, Inc. $RSG

Lansforsakringar Fondforvaltning AB publ lifted its position in Republic Services, Inc. (NYSE:RSG) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,100 shares of the business services provider’s stock after buying an additional 2,433 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Republic Services were worth $16,087,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares during the last quarter. MQS Management LLC purchased a new stake in Republic Services in the second quarter valued at about $395,000. Heirloom Wealth Management boosted its holdings in Republic Services by 0.5% in the second quarter. Heirloom Wealth Management now owns 84,366 shares of the business services provider’s stock worth $20,805,000 after acquiring an additional 413 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Republic Services by 33.5% during the second quarter. Resonant Capital Advisors LLC now owns 1,120 shares of the business services provider’s stock worth $276,000 after acquiring an additional 281 shares during the last quarter. Finally, Solstein Capital LLC raised its position in shares of Republic Services by 147.9% in the 2nd quarter. Solstein Capital LLC now owns 357 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 213 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird set a $240.00 price target on shares of Republic Services in a research note on Friday, October 31st. BMO Capital Markets dropped their price target on Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a research note on Wednesday. Raymond James Financial restated an “outperform” rating and issued a $240.00 price objective on shares of Republic Services in a research note on Friday, October 31st. Stifel Nicolaus dropped their target price on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Bank of America decreased their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.62.

Republic Services Trading Down 1.0%

Republic Services stock opened at $219.44 on Monday. The firm has a market cap of $67.76 billion, a PE ratio of 32.04, a P/E/G ratio of 3.63 and a beta of 0.54. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75. The stock’s 50 day simple moving average is $215.34 and its two-hundred day simple moving average is $219.81. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08.

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

Republic Services Announces Dividend

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 paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 2nd. Republic Services’s payout ratio is currently 36.50%.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were bought at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

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.