Republic Services, Inc. (NYSE:RSG) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 556 shares of the business services provider’s stock after selling 113 shares during the period. Parkside Financial Bank & Trust’s holdings in Republic Services were worth $92,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its holdings in Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services during the fourth quarter worth about $34,000. Millburn Ridgefield Corp purchased a new position in Republic Services during the third quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new position in Republic Services during the third quarter worth about $36,000. Finally, BKM Wealth Management LLC purchased a new position in Republic Services during the fourth quarter worth about $37,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.

Republic Services Stock Up 0.8 %

Shares of NYSE RSG opened at $193.52 on Friday. Republic Services, Inc. has a 1 year low of $135.33 and a 1 year high of $193.82. The firm’s 50 day moving average price is $187.13 and its 200 day moving average price is $170.17. The firm has a market cap of $60.95 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business earned $1.13 earnings per share. Republic Services’s revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a $0.535 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.11%. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Scotiabank assumed coverage on shares of Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $211.00 target price for the company. Truist Financial increased their target price on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. The Goldman Sachs Group increased their target price on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price for the company. in a report on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $199.77.

Republic Services 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.