SteelPeak Wealth LLC Invests $343,000 in Republic Services, Inc. $RSG

SteelPeak Wealth LLC bought a new position in Republic Services, Inc. (NYSE:RSG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,391 shares of the business services provider's stock, valued at approximately $343,000.

Several other large investors have also made changes to their positions in RSG. Elevation Point Wealth Partners LLC lifted its position in Republic Services by 4.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock worth $279,000 after buying an additional 46 shares in the last quarter. Gries Financial LLC lifted its position in Republic Services by 3.8% during the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider's stock worth $308,000 after buying an additional 46 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Republic Services by 17.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider's stock worth $75,000 after buying an additional 46 shares in the last quarter. Hemington Wealth Management lifted its position in Republic Services by 6.2% during the 1st quarter. Hemington Wealth Management now owns 806 shares of the business services provider's stock worth $195,000 after buying an additional 47 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its position in Republic Services by 2.1% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider's stock worth $589,000 after buying an additional 48 shares in the last quarter. Institutional investors own 57.73% of the company's stock.

Analyst Upgrades and Downgrades

RSG has been the topic of several research reports. Scotiabank upped their price target on shares of Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. National Bankshares cut their target price on shares of Republic Services from $270.00 to $241.00 and set a "sector perform" rating on the stock in a research report on Tuesday. BMO Capital Markets upped their target price on shares of Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. UBS Group set a $260.00 target price on shares of Republic Services and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Barclays initiated coverage on shares of Republic Services in a research report on Friday, September 19th. They set an "equal weight" rating and a $240.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Republic Services currently has an average rating of "Moderate Buy" and a consensus price target of $259.35.

Insider Buying and Selling

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregg Brummer sold 7,338 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the transaction, the executive vice president directly owned 4,060 shares of the company's stock, valued at $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $225.37 on Thursday. The company has a market capitalization of $70.36 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 3.47 and a beta of 0.59. The firm's 50 day simple moving average is $230.49 and its 200 day simple moving average is $239.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.26 billion. During the same period in the prior year, the business earned $1.61 EPS. Republic Services's revenue for the quarter was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio (DPR) is currently 36.98%.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.

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