Jupiter Topco LLC Buys Shares of 23,854 Republic Services, Inc. $RSG

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. BlackRock Inc. acquired a new stake in Republic Services during the second quarter worth approximately $3,798,092,000. Norges Bank acquired a new position in Republic Services in the fourth quarter valued at $617,165,000. Capital World Investors increased its stake in Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock valued at $1,857,698,000 after purchasing an additional 1,899,183 shares during the last quarter. Morgan Stanley grew its holdings in Republic Services by 38.6% in the 4th quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after buying an additional 1,490,719 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Republic Services in the 2nd quarter valued at about $245,506,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $221.61 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The company has a market cap of $67.86 billion, a PE ratio of 31.39, a P/E/G ratio of 3.68 and a beta of 0.40. The company’s fifty day simple moving average is $216.76 and its 200-day simple moving average is $215.12. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $235.18.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s payout ratio is currently 35.41%.

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 that occurred on Thursday, August 27th. The shares were purchased at an average price of $219.52 per share, with a total value of $62,475,392.00. Following the purchase, the insider directly owned 113,935,127 shares of the company’s stock, valued at approximately $25,011,039,079.04. This represents a 0.25% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 3,131,145 shares of company stock worth $685,244,030. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RSG has been the topic of several research analyst reports. Royal Bank Of Canada raised their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Barclays lifted their price target on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Citigroup boosted their price objective on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Finally, UBS Group lifted their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $245.26.

About Republic Services

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.