Oregon Public Employees Retirement Fund Increases Stock Holdings in Republic Services, Inc. $RSG

Oregon Public Employees Retirement Fund increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 32.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,211 shares of the business services provider’s stock after buying an additional 5,740 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Republic Services were worth $5,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSG. Financial Consulate Inc. purchased a new position in shares of Republic Services during the 3rd quarter worth about $25,000. Cranbrook Wealth Management LLC grew its holdings in Republic Services by 1,222.2% in the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 110 shares during the period. NewSquare Capital LLC increased its position in Republic Services by 68.5% during the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after purchasing an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Republic Services in the 2nd quarter valued at $33,000. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Republic Services during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 478 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

Shares of RSG opened at $212.17 on Friday. The firm has a market cap of $65.68 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.47 and a beta of 0.55. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $212.14 and its two-hundred day moving average is $224.84. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 37.20%.

Analysts Set New Price Targets

A number of research firms have issued reports on RSG. The Goldman Sachs Group initiated coverage on Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 price target for the company. Sanford C. Bernstein boosted their price objective on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Jefferies Financial Group set a $248.00 price target on shares of Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Bank of America decreased their target price on Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Finally, Stifel Nicolaus reduced their price target on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.41.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.