Pinnacle Wealth Planning Services Inc. Makes New $207,000 Investment in Republic Services, Inc. $RSG

Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 856 shares of the business services provider’s stock, valued at approximately $207,000.

A number of other hedge funds also recently bought and sold shares of RSG. Golden State Wealth Management LLC grew its stake in shares of Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after buying an additional 106 shares in the last quarter. Key Financial Inc grew its position in Republic Services by 380.8% in the first quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. TCTC Holdings LLC increased its stake in Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Elequin Capital LP purchased a new stake in Republic Services during the first quarter valued at approximately $30,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Republic Services in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the topic of several recent research reports. UBS Group set a $260.00 price target on Republic Services and gave the company a “neutral” rating in a report on Wednesday, July 30th. Raymond James Financial increased their target price on shares of Republic Services from $257.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of Republic Services from $229.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. National Bank Financial raised shares of Republic Services to a “hold” rating in a research note on Monday, May 26th. Finally, Wall Street Zen lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $262.17.

Insider Activity

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

Republic Services Stock Performance

Shares of NYSE:RSG opened at $234.23 on Monday. The firm’s 50 day simple moving average is $238.66 and its 200-day simple moving average is $241.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The firm has a market cap of $73.13 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 3.65 and a beta of 0.59.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.01. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.Republic Services’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. This is a boost from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services’s payout ratio is currently 34.32%.

About Republic Services

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.