Republic Services, Inc. (NYSE:RSG) Stock Holdings Lifted by Running Oak Capital LLC

Running Oak Capital LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,479 shares of the business services provider’s stock after acquiring an additional 4,762 shares during the quarter. Running Oak Capital LLC’s holdings in Republic Services were worth $13,763,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RSG. Exchange Traded Concepts LLC boosted its position in shares of Republic Services by 255.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 16,953 shares of the business services provider’s stock valued at $3,411,000 after purchasing an additional 12,180 shares during the period. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after buying an additional 48 shares during the period. Brighton Jones LLC raised its holdings in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares during the period. Avior Wealth Management LLC boosted its stake in Republic Services by 4.3% in the 4th quarter. Avior Wealth Management LLC now owns 10,503 shares of the business services provider’s stock worth $2,113,000 after purchasing an additional 430 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in Republic Services by 18.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,723 shares of the business services provider’s stock worth $13,222,000 after purchasing an additional 10,142 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG opened at $211.74 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. Republic Services, Inc. has a one year low of $168.58 and a one year high of $220.58. The company’s fifty day moving average price is $209.45 and its 200 day moving average price is $205.09. The company has a market capitalization of $66.31 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 EPS. As a group, analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction 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 sale, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RSG shares. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Truist Financial upped their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price target on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Scotiabank began coverage on Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective for the company. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $222.24.

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.