Running Oak Capital LLC Takes $8.71 Million Position in Republic Services, Inc. (NYSE:RSG)

Running Oak Capital LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 52,835 shares of the business services provider’s stock, valued at approximately $8,713,000.

Other institutional investors have also recently made changes to their positions in the company. Schechter Investment Advisors LLC boosted its holdings in Republic Services by 19.4% in the third quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock worth $398,000 after purchasing an additional 453 shares during the last quarter. abrdn plc raised its position in Republic Services by 64.1% in the fourth quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock worth $15,919,000 after acquiring an additional 37,690 shares during the period. First Financial Corp IN grew its stake in shares of Republic Services by 4.7% in the 4th quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock worth $471,000 after buying an additional 128 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Republic Services by 217.7% in the 4th quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after buying an additional 52,104 shares in the last quarter. Finally, Robeco Schweiz AG raised its position in Republic Services by 65.9% in the 3rd quarter. Robeco Schweiz AG now owns 34,500 shares of the business services provider’s stock worth $4,917,000 after purchasing an additional 13,700 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.2 %

Shares of Republic Services stock traded up $0.44 during mid-day trading on Thursday, hitting $186.44. 2,025,710 shares of the stock were exchanged, compared to its average volume of 1,257,153. Republic Services, Inc. has a twelve month low of $140.07 and a twelve month high of $196.76. The company has a 50-day simple moving average of $187.94 and a 200 day simple moving average of $171.57. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $58.72 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.75%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.15%. Republic Services’s payout ratio is presently 37.54%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RSG. Oppenheimer increased their price objective on shares of Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group raised their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets raised their target price on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Wells Fargo & Company raised their target price on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, Scotiabank lifted their price objective on shares of Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.00.

Insider Buying and Selling at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

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.