Peak Asset Management LLC Takes $2.33 Million Position in Republic Services, Inc. $RSG

Peak Asset Management LLC acquired a new position in Republic Services, Inc. (NYSE:RSG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,947 shares of the business services provider's stock, valued at approximately $2,333,000.

Several other large investors have also modified their holdings of RSG. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at $25,000. Bell Investment Advisors Inc purchased a new position in Republic Services during the 2nd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new position in Republic Services in the 3rd quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Republic Services during the second quarter worth about $27,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Republic Services during the second quarter worth about $27,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley set a $232.00 target price on shares of Republic Services in a research note on Friday, August 7th. UBS Group increased their price objective on Republic Services from $233.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their price target on Republic Services from $265.00 to $267.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Barclays raised their target price 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. Finally, Argus cut shares of Republic Services from a "buy" rating to a "hold" rating in a report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.26.

Republic Services Stock Performance

Shares of RSG opened at $223.04 on Tuesday. The company's 50 day simple moving average is $215.27 and its 200-day simple moving average is $215.11. The firm has a market cap of $68.30 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $235.98. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The business had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.36 billion. During the same period in the prior year, the company earned $1.77 earnings per share. The business's revenue 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. As a group, equities analysts predict 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. Shareholders of record on Friday, October 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.62. Republic Services's payout ratio is currently 35.41%.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 191,361 shares of the company's stock in a transaction dated Friday, August 21st. The shares were acquired at an average cost of $220.34 per share, for a total transaction of $42,164,482.74. Following the completion of the purchase, the insider directly owned 112,803,911 shares in the company, valued at $24,855,213,749.74. The trade was a 0.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have acquired 1,999,929 shares of company stock valued at $434,701,707. 0.12% of the stock is currently owned by company insiders.

Republic Services Company 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.

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source