Parkside Financial Bank & Trust Increases Position in Republic Services, Inc. $RSG

Parkside Financial Bank & Trust increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 19.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,723 shares of the business services provider’s stock after acquiring an additional 286 shares during the period. Parkside Financial Bank & Trust’s holdings in Republic Services were worth $425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Aviva PLC raised its position in Republic Services by 6.7% in the 2nd quarter. Aviva PLC now owns 162,885 shares of the business services provider’s stock valued at $40,169,000 after purchasing an additional 10,219 shares in the last quarter. AGF Management Ltd. boosted its holdings in shares of Republic Services by 3.5% in the 2nd quarter. AGF Management Ltd. now owns 11,984 shares of the business services provider’s stock valued at $2,955,000 after buying an additional 403 shares in the last quarter. Bensler LLC increased its position in shares of Republic Services by 1.8% during the second quarter. Bensler LLC now owns 27,779 shares of the business services provider’s stock worth $6,851,000 after purchasing an additional 496 shares in the last quarter. AE Wealth Management LLC increased its position in Republic Services by 19.6% during the second quarter. AE Wealth Management LLC now owns 4,328 shares of the business services provider’s stock worth $1,067,000 after buying an additional 708 shares during the period. Finally, Harvest Portfolios Group Inc. raised its position in Republic Services by 9.8% in the 2nd quarter. Harvest Portfolios Group Inc. now owns 8,024 shares of the business services provider’s stock valued at $1,979,000 after purchasing an additional 719 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.7%

NYSE:RSG opened at $205.60 on Monday. The business has a 50 day simple moving average of $222.86 and a 200 day simple moving average of $236.36. The firm has a market capitalization of $63.65 billion, a P/E ratio of 30.41, a P/E/G ratio of 3.40 and a beta of 0.57. 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 12-month low of $199.43 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, October 30th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.12. The firm 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%. Republic Services’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.81 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. Equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio is 37.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RSG shares. Robert W. Baird set a $240.00 price target on Republic Services in a research note on Friday, October 31st. Citigroup lowered their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Barclays initiated coverage on 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. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. Finally, Oppenheimer set a $256.00 price target on Republic Services in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.85.

Insiders Place Their Bets

In related news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider directly 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were 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 in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is currently owned by company insiders.

Republic Services 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.