2,044 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,044 shares of the business services provider’s stock, valued at approximately $411,000.

Several other institutional investors and hedge funds have also made changes to their positions in RSG. Federated Hermes Inc. grew its stake in Republic Services by 23.5% in the second quarter. Federated Hermes Inc. now owns 12,594 shares of the business services provider’s stock worth $2,448,000 after purchasing an additional 2,393 shares in the last quarter. Moors & Cabot Inc. increased its position in Republic Services by 23.3% during the 2nd quarter. Moors & Cabot Inc. now owns 6,576 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 1,241 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position in shares of Republic Services by 24.2% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 5,951 shares of the business services provider’s stock worth $1,157,000 after purchasing an additional 1,159 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Republic Services by 3.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 26,702 shares of the business services provider’s stock valued at $5,189,000 after purchasing an additional 813 shares in the last quarter. Finally, Tredje AP fonden increased its holdings in Republic Services by 14.5% during the second quarter. Tredje AP fonden now owns 47,500 shares of the business services provider’s stock valued at $9,231,000 after buying an additional 6,000 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. CIBC boosted their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Scotiabank assumed coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. Finally, Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.12.

Republic Services Stock Up 1.1 %

RSG stock opened at $212.00 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The firm’s fifty day simple moving average is $209.15 and its 200-day simple moving average is $204.24. Republic Services, Inc. has a 12 month low of $165.25 and a 12 month high of $220.58. The company has a market capitalization of $66.39 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 2.98 and a beta of 0.73.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share 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 company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.09%. Republic Services’s payout ratio is 37.12%.

Insider Activity at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

About Republic Services

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.