Running Oak Capital LLC Has $13.76 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Running Oak Capital LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,479 shares of the business services provider’s stock after buying 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 quarter.

Several other hedge funds have also recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new stake in shares of Republic Services in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC boosted its position in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new stake in shares of Republic Services during the third quarter worth approximately $31,000. Truvestments Capital LLC bought a new position in shares of Republic Services in the third quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Republic Services in the 3rd quarter worth approximately $39,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated Tuesday, November 19th. The stock was 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 owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade 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.

Republic Services Stock Down 0.2 %

Republic Services stock opened at $211.74 on Friday. The company’s 50 day simple moving average is $209.45 and its 200 day simple moving average is $205.09. 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 has a market capitalization of $66.31 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 3.07 and a beta of 0.73. Republic Services, Inc. has a fifty-two week low of $168.58 and a fifty-two week high of $220.58.

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

Analyst Ratings Changes

Several brokerages have issued reports on RSG. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Morgan Stanley upped their price target on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. CIBC upped their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Scotiabank assumed coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $222.24.

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.