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

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

Several other institutional investors have also bought and sold shares of the stock. FSA Wealth Management LLC purchased a new position in Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC boosted its holdings in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock worth $28,000 after purchasing an additional 109 shares during the last quarter. Webster Bank N. A. bought a new stake in Republic Services in the 3rd quarter worth about $31,000. Truvestments Capital LLC purchased a new stake in Republic Services in the 3rd quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Republic Services during the 2nd quarter worth approximately $36,000. Institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

RSG traded up $1.93 during trading on Friday, reaching $213.85. 1,252,829 shares of the company were exchanged, compared to its average volume of 1,052,466. Republic Services, Inc. has a 12-month low of $165.99 and a 12-month high of $220.58. The company's 50-day moving average is $209.23 and its two-hundred day moving average is $204.29. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a market cap of $66.97 billion, a price-to-earnings ratio of 34.22, a P/E/G ratio of 2.98 and a beta of 0.73.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.20. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 earnings per share. Research analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, January 2nd. Republic Services's dividend payout ratio is currently 37.12%.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of Republic Services 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 of the company's stock, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RSG shares. BMO Capital Markets raised Republic Services from a "market perform" rating to an "outperform" rating and increased their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Oppenheimer raised their target price on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Truist Financial boosted their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. William Blair assumed coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an "outperform" rating for the company. Finally, Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $221.12.

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.