Oak Thistle LLC Acquires 1,614 Shares of Republic Services, Inc. (NYSE:RSG)

Oak Thistle LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 79.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,658 shares of the business services provider's stock after buying an additional 1,614 shares during the period. Oak Thistle LLC's holdings in Republic Services were worth $886,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock worth $26,000 after acquiring an additional 106 shares during the last quarter. Key Financial Inc increased its position in Republic Services by 380.8% during the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider's stock valued at $30,000 after purchasing an additional 99 shares during the period. New Age Alpha Advisors LLC increased its position in Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Republic Services in the 4th quarter worth about $44,000. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Republic Services in the 1st quarter worth about $76,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Stock Performance

Shares of NYSE:RSG traded down $1.75 during trading on Monday, hitting $243.42. 165,640 shares of the company traded hands, compared to its average volume of 1,272,425. The stock has a market capitalization of $76.07 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 3.72 and a beta of 0.61. The business's fifty day moving average is $247.36 and its 200-day moving average is $237.80. Republic Services, Inc. has a one year low of $190.50 and a one year high of $258.75. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS. As a group, equities analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a $0.625 dividend. The ex-dividend date is Thursday, October 2nd. This is an increase from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.03%. Republic Services's dividend payout ratio is 34.99%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RSG shares. Citigroup upped their price target on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley increased their price objective on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Seaport Res Ptn raised shares of Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Scotiabank raised their price target on Republic Services from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. Finally, Robert W. Baird lifted their target price on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.16.

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.