Prosperity Financial Group Inc. Purchases 1,171 Shares of Republic Services, Inc. $RSG

Prosperity Financial Group Inc. increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 31.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,913 shares of the business services provider’s stock after purchasing an additional 1,171 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Republic Services were worth $1,211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in 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. Cranbrook Wealth Management LLC lifted its position in Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after purchasing an additional 110 shares during the period. TCTC Holdings LLC lifted its position in Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after purchasing an additional 66 shares during the period. Key Financial Inc lifted its position in Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock worth $30,000 after purchasing an additional 99 shares during the period. Finally, Elequin Capital LP bought a new stake in Republic Services during the first quarter worth about $30,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. National Bankshares lowered their target price on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Raymond James Financial set a $260.00 target price on Republic Services and gave the stock an “outperform” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. lowered their target price on Republic Services from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Oppenheimer lowered their target price on Republic Services from $268.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Finally, Scotiabank set a $250.00 target price on Republic Services in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $257.10.

Republic Services Trading Up 1.1%

RSG opened at $223.26 on Thursday. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $69.71 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 3.57 and a beta of 0.59. The company’s 50 day moving average price is $228.14 and its two-hundred day moving average price is $238.69.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. The business had revenue of $4.24 billion during 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 company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Insider Buying and Selling

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $234.91 per share, with a total value of $1,000,246.78. Following the transaction, the insider directly owned 109,816,832 shares in the company, valued at approximately $25,797,072,005.12. This trade represents a 0.00% increase in their position. The disclosure for this purchase 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.