Chicago Partners Investment Group LLC Has $321,000 Stake in Republic Services, Inc. $RSG

Chicago Partners Investment Group LLC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 65.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,319 shares of the business services provider’s stock after acquiring an additional 523 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Republic Services were worth $321,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its stake in shares of Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after purchasing an additional 106 shares during the period. Capital Management Associates Inc bought a new stake in Republic Services in the 1st quarter valued at about $314,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Republic Services by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider’s stock valued at $136,397,000 after purchasing an additional 4,110 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Republic Services by 61.6% in the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock worth $2,226,000 after buying an additional 3,503 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Republic Services by 10.0% in the 1st quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock worth $116,048,000 after buying an additional 43,387 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on RSG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Services in a report on Wednesday, October 8th. Scotiabank set a $250.00 target price on shares of Republic Services in a report on Friday, October 10th. Citigroup decreased their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Oppenheimer lowered their target price on shares of Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Finally, Raymond James Financial set a $260.00 price target on shares of Republic Services and gave the company an “outperform” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Republic Services Stock Down 0.1%

NYSE:RSG opened at $223.03 on Friday. The company’s fifty day moving average price is $227.95 and its 200-day moving average price is $238.64. Republic Services, Inc. has a 1-year low of $197.60 and a 1-year high of $258.75. The firm 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 has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. The firm 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 firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Insider Activity at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of Republic Services stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased 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 of the company’s stock, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their position. The transaction 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 Republic Services stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 4,060 shares in the company, valued at $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

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.