Jupiter Topco LLC Buys New Position in Republic Services, Inc. $RSG

Jupiter Topco LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSGFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,854 shares of the business services provider’s stock, valued at approximately $5,081,000.

Several other institutional investors have also modified their holdings of the business. CBIZ Investment Advisory Services LLC raised its stake in shares of Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 45 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Republic Services by 2.5% during the 2nd quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock worth $397,000 after purchasing an additional 46 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Republic Services by 0.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after purchasing an additional 48 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its stake in shares of Republic Services by 2.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after buying an additional 49 shares during the period. Finally, AlphaCentric Advisors LLC grew its position in shares of Republic Services by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Cascade Investment, L.L.C. purchased 284,600 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $219.52 per share, for a total transaction of $62,475,392.00. Following the completion of the transaction, the insider directly owned 113,935,127 shares in the company, valued at $25,011,039,079.04. This represents a 0.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders acquired a total of 3,131,145 shares of company stock valued at $685,244,030 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on RSG. Morgan Stanley set a $232.00 price objective on Republic Services in a research report on Friday, August 7th. Citigroup increased their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Weiss Ratings upgraded Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Barclays raised their price target on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Get Our Latest Analysis on Republic Services

Republic Services Trading Down 0.2%

NYSE RSG opened at $221.61 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $67.86 billion, a P/E ratio of 31.39, a P/E/G ratio of 3.68 and a beta of 0.40. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $235.18. The firm has a 50-day moving average price of $216.76 and a 200 day moving average price of $215.12.

Republic Services (NYSE:RSGGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. Equities research analysts expect that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is 35.41%.

About Republic Services

(Free Report)

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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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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