Pictet Asset Management Holding SA Lowers Stock Holdings in Republic Services, Inc. $RSG

Key Points

• Pictet Asset Management trimmed its stake in Republic Services by 4.6% in Q4, selling 184,587 shares and leaving it with 3,846,220 shares (about 1.24% of the company), making RSG its 19th-largest holding and ~0.8% of Pictet's portfolio.
• Republic Services beat quarterly EPS expectations ($1.76 vs. $1.62) while revenue slightly missed ($4.14B), and the company set FY2026 guidance of 7.20–7.28 EPS (consensus ~7.22).
• Analysts are split (10 Buy / 10 Hold) with an average price target of $244.67 versus the current stock near $209.73, and the company pays a $0.625 quarterly dividend (≈1.2% yield).

Pictet Asset Management Holding SA lowered its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,846,220 shares of the business services provider's stock after selling 184,587 shares during the period. Republic Services accounts for about 0.8% of Pictet Asset Management Holding SA's holdings, making the stock its 19th biggest position. Pictet Asset Management Holding SA owned 1.24% of Republic Services worth $815,167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in shares of Republic Services by 32.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider's stock valued at $5,326,000 after acquiring an additional 5,740 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider's stock worth $169,768,000 after purchasing an additional 730,287 shares during the last quarter. National Pension Service raised its stake in Republic Services by 1.2% in the third quarter. National Pension Service now owns 758,644 shares of the business services provider's stock valued at $174,094,000 after purchasing an additional 9,041 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new stake in Republic Services during the third quarter valued at approximately $3,524,000. Finally, SteelPeak Wealth LLC grew its stake in Republic Services by 130.0% in the 4th quarter. SteelPeak Wealth LLC now owns 12,386 shares of the business services provider's stock worth $2,625,000 after buying an additional 7,001 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Price Performance

Shares of Republic Services stock opened at $209.73 on Monday. The company's fifty day simple moving average is $219.80 and its two-hundred day simple moving average is $216.46. 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 $64.80 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 3.48 and a beta of 0.53. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 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 the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The company's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, equities analysts expect that Republic Services, Inc. will post 7.22 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were issued 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 (DPR) is 36.79%.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of research analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Republic Services in a report on Friday, March 27th. Sanford C. Bernstein upped their target price on shares of Republic Services from $205.00 to $220.00 and gave the stock a "market perform" rating in a research report on Monday, January 5th. Robert W. Baird reduced their target price on Republic Services from $242.00 to $240.00 and set a "neutral" rating on the stock in a research note on Thursday, April 16th. Morgan Stanley dropped their price target on Republic Services from $230.00 to $225.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 18th. Finally, Citigroup upped their price objective on Republic Services from $244.00 to $253.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.67.

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.

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