8,469 Shares of Republic Services, Inc. $RSG Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. bought a new stake in Republic Services, Inc. (NYSE:RSG) in the third quarter, Holdings Channel.com reports. The institutional investor bought 8,469 shares of the business services provider’s stock, valued at approximately $1,777,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new position in Republic Services in the second quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Republic Services during the second quarter valued at approximately $27,000. Compass Financial Management LLC bought a new stake in shares of Republic Services during the second quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Republic Services by 47.3% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after purchasing an additional 52 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in shares of Republic Services by 78.5% during the first quarter. SJS Investment Consulting Inc. now owns 232 shares of the business services provider’s stock worth $51,000 after purchasing an additional 102 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RSG. Citigroup increased their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Morgan Stanley dropped their price objective on shares of Republic Services from $232.00 to $219.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Barclays lifted their price objective on shares of Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $243.73.

Republic Services Price Performance

RSG opened at $240.21 on Friday. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $243.22. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $73.56 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 3.89 and a beta of 0.39. The firm’s fifty day moving average price is $220.57 and its two-hundred day moving average price is $214.54.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, analysts anticipate that Republic Services, Inc. will post 7.26 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.6250. Republic Services’s payout ratio is currently 37.96%.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 324,810 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was purchased at an average price of $222.89 per share, for a total transaction of $72,396,900.90. Following the purchase, the insider owned 117,058,444 shares in the company, valued at approximately $26,091,156,583.16. This represents a 0.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have bought 6,254,462 shares of company stock valued at $1,380,321,958. Corporate insiders own 0.12% of the company’s stock.

Republic Services Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.