Perigon Wealth Management LLC Buys Shares of 2,337 Republic Services, Inc. $RSG

Perigon Wealth Management LLC purchased a new position in Republic Services, Inc. (NYSE:RSG) in the second quarter, Holdings Channel.com reports. The firm purchased 2,337 shares of the business services provider’s stock, valued at approximately $498,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealth Watch Advisors INC bought a new position in Republic Services in the 3rd quarter worth $26,000. Bell Investment Advisors Inc purchased a new position in shares of Republic Services during the second quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in Republic Services in the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new stake in shares of Republic Services in the 4th quarter worth approximately $30,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Republic Services during the fourth quarter worth $32,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 1.8%

Shares of RSG opened at $220.85 on Thursday. The company has a market capitalization of $67.63 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 3.55 and a beta of 0.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $214.52 and a two-hundred day simple moving average of $214.98. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $238.62.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The firm’s quarterly 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. As a group, equities analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s payout ratio is currently 35.41%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Citigroup lifted their price target on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Morgan Stanley set a $232.00 target price on Republic Services in a report on Friday, August 7th. Finally, UBS Group raised their target price on Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.26.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. acquired 206,800 shares of the stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of $214.92 per share, with a total value of $44,445,456.00. Following the completion of the purchase, the insider owned 112,024,656 shares in the company, valued at $24,076,339,067.52. This trade represents a 0.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director owned 58 shares of the company’s stock, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have bought 1,220,674 shares of company stock worth $263,117,588 in the last three months. Corporate insiders own 0.12% of the company’s stock.

Republic Services Company 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.