Running Oak Capital LLC Acquires New Stake in Republic Services, Inc. (NYSE:RSG)

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

Other large investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC lifted its stake in Republic Services by 56.3% in 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 during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services in the fourth quarter worth approximately $34,000. BKM Wealth Management LLC purchased a new stake in shares of Republic Services in the fourth quarter worth $37,000. Bruce G. Allen Investments LLC bought a new position in Republic Services during the fourth quarter valued at $41,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Republic Services during the 3rd quarter worth about $36,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.2 %

NYSE:RSG traded up $0.44 during mid-day trading on Thursday, hitting $186.44. The company had a trading volume of 2,025,710 shares, compared to its average volume of 1,257,153. Republic Services, Inc. has a fifty-two week low of $140.07 and a fifty-two week high of $196.76. The business’s fifty day moving average is $187.94 and its two-hundred day moving average is $171.57. The firm has a market cap of $58.72 billion, a P/E ratio of 32.65, a P/E/G ratio of 3.35 and a beta of 0.67. 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 posted its quarterly earnings data 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. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.75% and a net margin of 11.81%. Republic Services’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. As a group, research analysts expect that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on RSG. Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research report on Friday, March 15th. Scotiabank boosted their price objective on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday. UBS Group increased 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. Wells Fargo & Company increased their price objective on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Finally, Jefferies Financial Group increased their target price on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.00.

Insider Buying and Selling

In other news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by corporate insiders.

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.