Scissortail Wealth Management LLC Has $224,000 Stock Position in Republic Services, Inc. (NYSE:RSG)

Scissortail Wealth Management LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 15,800.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,113 shares of the business services provider's stock after purchasing an additional 1,106 shares during the period. Scissortail Wealth Management LLC's holdings in Republic Services were worth $224,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI increased its stake in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd acquired a new position in Republic Services in the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC grew its stake in Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after buying an additional 73 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Republic Services in the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in Republic Services in the 4th quarter valued at about $48,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of Republic Services stock traded up $2.40 on Monday, reaching $250.19. 1,022,981 shares of the stock were exchanged, compared to its average volume of 1,116,851. The firm's 50 day moving average is $241.39 and its 200-day moving average is $224.65. Republic Services, Inc. has a one year low of $180.92 and a one year high of $253.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The firm has a market cap of $78.18 billion, a PE ratio of 38.55, a P/E/G ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm's 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, analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is 34.99%.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company's stock, valued at $2,376,931.20. This represents a 37.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RSG shares. Truist Financial upped their price target on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. The Goldman Sachs Group upped their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. William Blair reiterated an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. Morgan Stanley boosted 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. Finally, Robert W. Baird boosted their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $249.00.

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.