Jennison Associates LLC Has $38.52 Million Stock Position in Republic Services, Inc. $RSG
by Amy Steele · The Cerbat GemJennison Associates LLC reduced its position in Republic Services, Inc. (NYSE:RSG – Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,751 shares of the business services provider’s stock after selling 17,109 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of Republic Services worth $38,518,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of RSG. Bessemer Group Inc. lifted its position in 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 period. SG Americas Securities LLC lifted its position in Republic Services by 1,337.9% in the fourth quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock worth $121,995,000 after purchasing an additional 535,603 shares during the period. Man Group plc lifted its position in Republic Services by 380.1% in the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after purchasing an additional 528,540 shares during the period. BNP Paribas Financial Markets lifted its position in Republic Services by 93.3% in the third quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock worth $208,307,000 after purchasing an additional 438,219 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its position in Republic Services by 49.1% in the third quarter. Caisse de depot et placement du Quebec now owns 1,326,827 shares of the business services provider’s stock worth $304,480,000 after purchasing an additional 437,166 shares during the period. 57.73% of the stock is owned by institutional investors.
Republic Services Stock Down 1.3%
Shares of NYSE RSG opened at $206.58 on Friday. The stock has a market cap of $63.82 billion, a PE ratio of 30.16, a PEG ratio of 3.47 and a beta of 0.43. The business has a fifty day moving average of $218.78 and a two-hundred day moving average of $216.13. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. 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 issued its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. As a group, equities research analysts expect that Republic Services, Inc. will post 7.22 earnings per share for the current fiscal year.
Republic Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. Republic Services’s payout ratio is currently 36.79%.
Analyst Ratings Changes
Several research analysts recently commented on RSG shares. BMO Capital Markets reduced their target price on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Wolfe Research started coverage on Republic Services in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. Scotiabank reduced their target price on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Weiss Ratings cut Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Morgan Stanley cut their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $244.67.
Get Our Latest Research Report on RSG
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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