Oak Thistle LLC Makes New $411,000 Investment in Republic Services, Inc. (NYSE:RSG)

Oak Thistle LLC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,044 shares of the business services provider’s stock, valued at approximately $411,000.

Other large investors have also recently modified their holdings of the company. Tlwm raised its holdings in Republic Services by 4.6% in the fourth quarter. Tlwm now owns 7,474 shares of the business services provider’s stock worth $1,504,000 after buying an additional 332 shares during the last quarter. Ayrshire Capital Management LLC raised its holdings in Republic Services by 3.3% in the 4th quarter. Ayrshire Capital Management LLC now owns 28,449 shares of the business services provider’s stock worth $5,723,000 after acquiring an additional 908 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in Republic Services in the 4th quarter valued at approximately $204,000. Miracle Mile Advisors LLC increased its holdings in shares of Republic Services by 104.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,971 shares of the business services provider’s stock worth $598,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Republic Services by 7.9% in the fourth quarter. Wedmont Private Capital now owns 2,517 shares of the business services provider’s stock worth $519,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The shares were 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 owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated 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 owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Trading Up 1.1 %

Shares of RSG stock opened at $212.00 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a fifty day simple moving average of $209.15 and a two-hundred day simple moving average of $204.24. The firm has a market capitalization of $66.39 billion, a PE ratio of 33.92, a PEG ratio of 2.98 and a beta of 0.73. Republic Services, Inc. has a 52-week low of $165.25 and a 52-week high of $220.58.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company earned $1.54 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

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

Analyst Ratings Changes

RSG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Morgan Stanley boosted their price objective 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. William Blair initiated coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Oppenheimer increased their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $219.00 to $237.00 in a report on Monday, January 6th. 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 has a consensus rating of “Moderate Buy” and an average target price of $221.12.

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.