Godshalk Welsh Capital Management Inc. Sells 200 Shares of Republic Services, Inc. (NYSE:RSG)

Godshalk Welsh Capital Management Inc. lowered its position in Republic Services, Inc. (NYSE:RSG) by 9.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,950 shares of the business services provider’s stock after selling 200 shares during the quarter. Godshalk Welsh Capital Management Inc.’s holdings in Republic Services were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RSG. YHB Investment Advisors Inc. bought a new stake in shares of Republic Services in the 1st quarter worth approximately $29,000. EntryPoint Capital LLC acquired a new position in shares of Republic Services in the 1st quarter worth approximately $29,000. Jones Financial Companies Lllp raised its holdings in shares of Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in shares of Republic Services in the 2nd quarter worth approximately $45,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Republic Services in the 4th quarter worth approximately $50,000. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Oppenheimer dropped their target price on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Truist Financial raised Republic Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Robert W. Baird raised their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. TD Cowen raised 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. Finally, BMO Capital Markets raised their price target on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $211.00.

Republic Services Trading Up 0.8 %

NYSE RSG opened at $200.84 on Friday. The stock has a 50-day simple moving average of $202.25 and a 200 day simple moving average of $193.61. The company has a market capitalization of $63.08 billion, a PE ratio of 35.24, a P/E/G ratio of 3.30 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, Inc. has a 12 month low of $140.23 and a 12 month high of $208.69.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.03 billion. Research analysts forecast that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio (DPR) is 37.54%.

Insider Transactions at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the 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 transaction, the director now owns 17,486 shares in the company, valued at $3,549,832.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

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.