NorthRock Partners LLC Sells 167 Shares of Republic Services, Inc. (NYSE:RSG)

NorthRock Partners LLC cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 11.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,348 shares of the business services provider’s stock after selling 167 shares during the quarter. NorthRock Partners LLC’s holdings in Republic Services were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in RSG. Wolff Wiese Magana LLC boosted its holdings in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Republic Services in the first quarter worth $29,000. Webster Bank N. A. bought a new stake in Republic Services in the third quarter worth $31,000. Itau Unibanco Holding S.A. bought a new stake in Republic Services in the second quarter worth $36,000. Finally, Indiana Trust & Investment Management CO bought a new stake in Republic Services in the second quarter worth $45,000. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. William Blair started coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Raymond James lowered their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. TD Cowen upped their price target on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Truist Financial upped their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price target on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

Insider Activity at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Up 2.4 %

NYSE RSG opened at $207.07 on Thursday. The stock’s 50-day moving average price is $203.21 and its 200-day moving average price is $197.10. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 52 week low of $154.49 and a 52 week high of $208.69. The company has a market capitalization of $64.84 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 3.07 and a beta of 0.70.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the company earned $1.54 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

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.