Principal Financial Group Inc. Decreases Position in Republic Services, Inc. $RSG

Key Points

• Principal Financial Group Inc. decreased its position by 9.7% in Republic Services during Q4, selling 61,399 shares and now holds 570,858 shares worth about $120.98 million (≈0.18% of the company).
• Republic Services beat quarterly EPS estimates ($1.76 vs. $1.62) but missed revenue expectations ($4.14B vs. $4.21B), and set FY2026 EPS guidance of $7.20–$7.28 (analyst consensus ~7.22).
• The company pays a quarterly dividend of $0.625 ($2.50 annual, yield 1.3%), has a market cap of $61.77B, and carries an average analyst rating of Hold with a mean price target of $244.67.

Principal Financial Group Inc. decreased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 570,858 shares of the business services provider's stock after selling 61,399 shares during the period. Principal Financial Group Inc. owned about 0.18% of Republic Services worth $120,982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Republic Services by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,107,360 shares of the business services provider's stock worth $4,384,757,000 after acquiring an additional 49,365 shares during the period. JPMorgan Chase & Co. lifted its holdings in Republic Services by 15.2% during the third 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 last quarter. Bank of America Corp DE boosted its position in Republic Services by 6.0% during the third quarter. Bank of America Corp DE now owns 2,031,005 shares of the business services provider's stock worth $466,075,000 after purchasing an additional 114,291 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Republic Services by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 1,458,550 shares of the business services provider's stock worth $359,695,000 after purchasing an additional 76,593 shares in the last quarter. Finally, Chilton Investment Co. Inc. raised its position in shares of Republic Services by 4.2% in the third quarter. Chilton Investment Co. Inc. now owns 1,353,587 shares of the business services provider's stock valued at $310,621,000 after purchasing an additional 54,452 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

Republic Services stock opened at $199.93 on Thursday. Republic Services, Inc. has a fifty-two week low of $199.55 and a fifty-two week high of $258.75. The firm's fifty day moving average price is $218.04 and its 200-day moving average price is $215.77. The stock has a market cap of $61.77 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 3.38 and a beta of 0.43. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.14. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the business posted $1.58 earnings per share. The company's revenue for the quarter was up 2.2% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities research analysts expect that Republic Services, Inc. will post 7.22 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, April 2nd. Republic Services's dividend payout ratio (DPR) is presently 36.79%.

Analyst Ratings Changes

RSG has been the subject of several analyst reports. Morgan Stanley cut their price objective on shares of Republic Services from $230.00 to $225.00 and set an "equal weight" rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. upped their price target on Republic Services from $233.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 10th. Wolfe Research initiated coverage on shares of Republic Services in a research report on Friday, March 13th. They issued a "peer perform" rating for the company. Citigroup lifted their price objective on Republic Services from $244.00 to $253.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Finally, BMO Capital Markets decreased their target price on Republic Services from $251.00 to $248.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 18th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" 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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