Park Place Capital Corp Sells 961 Shares of Republic Services, Inc. (NYSE:RSG)

Park Place Capital Corp lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 17.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,505 shares of the business services provider’s stock after selling 961 shares during the quarter. Park Place Capital Corp’s holdings in Republic Services were worth $876,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RSG. Capital Advisors Ltd. LLC raised its holdings in shares of Republic Services by 2.9% in the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 54 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Republic Services by 19.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock worth $59,000 after buying an additional 59 shares in the last quarter. ETF Store Inc. boosted its stake in shares of Republic Services by 3.5% in the 1st quarter. ETF Store Inc. now owns 1,743 shares of the business services provider’s stock worth $334,000 after buying an additional 59 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of Republic Services by 2.4% in the fourth quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock valued at $447,000 after acquiring an additional 64 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Republic Services by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock valued at $4,147,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer dropped their target price on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Raymond James reduced their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada boosted their target price on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. UBS Group increased their price target on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, 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. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.69.

Insider Buying and Selling

In other news, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the acquisition, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the acquisition, the director now owns 540 shares in the company, valued at $100,040.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the sale, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Stock Up 1.2 %

RSG traded up $2.46 during trading on Friday, hitting $200.00. 1,634,452 shares of the company’s stock traded hands, compared to its average volume of 1,325,030. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $206.54. The company’s 50 day simple moving average is $193.12 and its two-hundred day simple moving average is $187.21. The stock has a market capitalization of $62.81 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 3.18 and a beta of 0.69. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.16%. Republic Services’s dividend payout ratio is 37.54%.

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.