Chicago Partners Investment Group LLC Acquires 523 Shares of Republic Services, Inc. $RSG

Chicago Partners Investment Group LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 65.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,319 shares of the business services provider’s stock after buying an additional 523 shares during the period. Chicago Partners Investment Group LLC’s holdings in Republic Services were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ignite Planners LLC boosted its position in shares of Republic Services by 2.8% in the 2nd quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock worth $376,000 after purchasing an additional 43 shares in the last quarter. Gries Financial LLC raised its stake in shares of Republic Services by 3.8% during the second quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 46 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Republic Services by 17.8% in the second 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 grew its holdings in Republic Services by 6.2% in the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock worth $195,000 after purchasing an additional 47 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its position in Republic Services by 2.1% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider’s stock valued at $589,000 after purchasing an additional 48 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Down 0.1%

Shares of Republic Services stock opened at $223.03 on Friday. Republic Services, Inc. has a 1 year low of $197.60 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $69.63 billion, a P/E ratio of 32.99, a PEG ratio of 3.60 and a beta of 0.59. The company’s fifty day moving average is $227.95 and its two-hundred day moving average is $238.64.

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

Insider Activity

In other news, EVP Gregg Brummer sold 7,338 shares of Republic Services 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 sale, the executive vice president owned 4,060 shares of the company’s stock, valued at $949,796.40. The trade was a 64.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the 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 acquisition, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This represents 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 insiders.

Analysts Set New Price Targets

RSG has been the subject of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Republic Services in a research report on Monday, September 29th. They issued a “buy” rating and a $257.00 price objective for the company. Raymond James Financial set a $260.00 price objective on shares of Republic Services and gave the stock an “outperform” rating in a report on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on shares of Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. National Bankshares reduced their price objective on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Finally, UBS Group reduced their price objective on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.10.

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.