Parcion Private Wealth LLC Sells 261 Shares of Republic Services, Inc. (NYSE:RSG)

Parcion Private Wealth LLC reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,427 shares of the business services provider’s stock after selling 261 shares during the quarter. Parcion Private Wealth LLC’s holdings in Republic Services were worth $4,553,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. YHB Investment Advisors Inc. bought a new stake in shares of Republic Services during the 1st quarter valued at about $29,000. EntryPoint Capital LLC bought a new position in shares of Republic Services during the 1st quarter valued at approximately $29,000. Jones Financial Companies Lllp grew its stake in shares of Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares during the period. Indiana Trust & Investment Management CO bought a new position in shares of Republic Services during the 2nd quarter valued at approximately $45,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Republic Services during the 4th quarter valued at approximately $50,000. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RSG. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. CIBC boosted their price target on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. TD Cowen boosted their price target on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Finally, BMO Capital Markets boosted their price target on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $211.00.

Republic Services Trading Down 1.3 %

NYSE:RSG traded down $2.61 during midday trading on Friday, hitting $202.82. 1,033,364 shares of the company traded hands, compared to its average volume of 1,174,679. The firm’s fifty day moving average is $200.65 and its 200-day moving average is $192.34. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $208.69. The firm has a market capitalization of $63.87 billion, a P/E ratio of 35.58, a P/E/G ratio of 3.34 and a beta of 0.70. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. On average, sell-side analysts predict that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio is presently 40.70%.

Insider Activity at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

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.