Peak Asset Management LLC Makes New $2.33 Million Investment in Republic Services, Inc. $RSG

Peak Asset Management LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,947 shares of the business services provider’s stock, valued at approximately $2,333,000.

A number of other institutional investors also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in Republic Services in the third quarter valued at $26,000. Bell Investment Advisors Inc acquired a new stake in Republic Services in the 2nd quarter valued at about $25,000. Laurel Wealth Advisors LLC purchased a new position in Republic Services during the 4th quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Republic Services in the second quarter valued at about $27,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Republic Services in the second quarter valued at approximately $27,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on RSG. Argus cut Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings raised Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. UBS Group raised their price target on shares of Republic Services from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Citigroup upped their price objective on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada lifted their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $245.26.

Republic Services Trading Up 1.1%

Shares of RSG opened at $223.04 on Tuesday. The stock’s fifty day simple moving average is $215.27 and its 200 day simple moving average is $215.11. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $235.98. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $68.30 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a net margin of 12.94% and a return on equity of 18.69%. The firm 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 earned $1.77 EPS. The company’s revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts forecast that Republic Services, Inc. will post 7.27 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, October 2nd. Republic Services’s dividend payout ratio is 35.41%.

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. bought 191,361 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average cost of $220.34 per share, for a total transaction of $42,164,482.74. Following the acquisition, the insider owned 112,803,911 shares in the company, valued at $24,855,213,749.74. This represents a 0.17% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 1,999,929 shares of company stock valued at $434,701,707 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.