Parkside Financial Bank & Trust Acquires 286 Shares of Republic Services, Inc. $RSG

Parkside Financial Bank & Trust lifted its stake in Republic Services, Inc. (NYSE:RSG) by 19.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,723 shares of the business services provider’s stock after purchasing an additional 286 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Republic Services were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RSG. Brighton Jones LLC boosted its stake in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Republic Services during the 1st quarter valued at $211,000. Alps Advisors Inc. purchased a new stake in Republic Services in the first quarter worth about $368,000. Cerity Partners LLC raised its stake in Republic Services by 23.6% during the 1st quarter. Cerity Partners LLC now owns 36,383 shares of the business services provider’s stock worth $8,810,000 after acquiring an additional 6,952 shares during the period. Finally, Diversify Wealth Management LLC purchased a new position in shares of Republic Services during the 1st quarter valued at $201,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $248.00 price objective on shares of Republic Services and gave the company a “buy” rating in a research report on Monday, November 3rd. Oppenheimer set a $256.00 target price on Republic Services in a report on Friday, October 31st. Stifel Nicolaus cut their price target on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Barclays started coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price on the stock. Finally, BMO Capital Markets boosted their price target on Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.85.

Republic Services Stock Performance

Shares of RSG stock opened at $205.60 on Monday. 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 1 year low of $199.43 and a 1 year high of $258.75. The firm has a market capitalization of $63.65 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The business has a fifty day moving average of $222.86 and a 200 day moving average of $236.36.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio is presently 37.20%.

Insider Buying and Selling

In other news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the acquisition, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Gregg Brummer sold 7,338 shares of the business’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 value of $1,716,651.72. Following the transaction, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. This represents a 64.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is owned by insiders.

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.