Running Oak Capital LLC Has $17.06 Million Stake in Republic Services, Inc. $RSG

Running Oak Capital LLC lowered its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,162 shares of the business services provider’s stock after selling 97 shares during the quarter. Republic Services accounts for about 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 13th biggest position. Running Oak Capital LLC’s holdings in Republic Services were worth $17,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RSG. Elevation Point Wealth Partners LLC lifted its stake in Republic Services by 4.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider’s stock valued at $279,000 after buying an additional 46 shares in the last quarter. Gries Financial LLC raised its holdings in shares of Republic Services by 3.8% during the second quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock worth $308,000 after acquiring an additional 46 shares during the period. TD Private Client Wealth LLC lifted its position in Republic Services by 17.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 46 shares in the last quarter. Hemington Wealth Management increased its holdings in Republic Services by 6.2% during the 1st quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock worth $195,000 after purchasing an additional 47 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its stake in shares of Republic Services by 2.1% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 2,387 shares of the business services provider’s stock valued at $589,000 after purchasing an additional 48 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG stock opened at $224.14 on Monday. The company has a fifty day moving average price of $231.45 and a two-hundred day moving average price of $240.28. Republic Services, Inc. has a one year low of $197.60 and a one year high of $258.75. The stock has a market cap of $69.98 billion, a P/E ratio of 33.16, a P/E/G ratio of 3.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, July 29th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the firm earned $1.61 EPS. Republic Services’s quarterly revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, equities analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, October 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. This is an increase from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s dividend payout ratio is presently 36.98%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RSG shares. Raymond James Financial increased their price objective on Republic Services from $257.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Oppenheimer raised their price target on shares of Republic Services from $262.00 to $268.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. BMO Capital Markets boosted their price objective on shares of Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Melius assumed coverage on shares of Republic Services in a research report on Monday, June 9th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus began coverage on shares of Republic Services in a research report on Monday, September 29th. They set a “buy” rating and a $257.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.58.

Insider Buying and Selling

In other news, EVP Gregg Brummer sold 7,338 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president directly owned 4,060 shares of the company’s stock, valued at $949,796.40. This represents a 64.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the purchase, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

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.