Republic Services, Inc. (NYSE:RSG) Position Lowered by Oak Thistle LLC

Oak Thistle LLC lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 74.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,075 shares of the business services provider’s stock after selling 6,206 shares during the quarter. Oak Thistle LLC’s holdings in Republic Services were worth $397,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RSG. Bogart Wealth LLC bought a new position in Republic Services during the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Republic Services in the 4th quarter valued at about $34,000. Jones Financial Companies Lllp grew its position in shares of Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 211 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Republic Services during the fourth quarter worth about $37,000. Finally, Bruce G. Allen Investments LLC bought a new position in Republic Services in the fourth quarter worth about $41,000. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the acquisition, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now owns 6,831 shares in the company, valued at $1,270,702.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Katharine Weymouth acquired 540 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the acquisition, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank raised their price target on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. Jefferies Financial Group boosted their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada assumed coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price target for the company. Morgan Stanley lowered shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price for the company. in a research note on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price target on the stock. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.14.

Republic Services Price Performance

Shares of RSG opened at $192.88 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $60.74 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 3.26 and a beta of 0.69. The business’s 50-day moving average is $188.74 and its 200-day moving average is $181.33. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $196.76.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. Equities research analysts expect that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

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.