Running Oak Capital LLC Purchases 2,634 Shares of Republic Services, Inc. $RSG

Running Oak Capital LLC lifted its position in Republic Services, Inc. (NYSE:RSG) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,796 shares of the business services provider’s stock after buying an additional 2,634 shares during the period. Republic Services comprises 1.8% of Running Oak Capital LLC’s holdings, making the stock its 25th largest position. Running Oak Capital LLC’s holdings in Republic Services were worth $16,476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Republic Services by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock valued at $4,699,892,000 after purchasing an additional 296,719 shares in the last quarter. Geode Capital Management LLC lifted its stake in Republic Services by 3.1% in the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock valued at $1,187,328,000 after buying an additional 144,003 shares in the last quarter. Norges Bank acquired a new position in shares of Republic Services in the second quarter valued at approximately $690,313,000. Franklin Resources Inc. increased its position in shares of Republic Services by 10.1% during the second quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after acquiring an additional 218,114 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Republic Services by 21.3% during the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after acquiring an additional 408,885 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RSG. Oppenheimer reduced their target price on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Scotiabank cut their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Sanford C. Bernstein upped their price objective on Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Citigroup dropped their target price on Republic Services from $268.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Finally, Robert W. Baird set a $240.00 price target on Republic Services in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Stock Up 0.3%

NYSE:RSG opened at $215.73 on Tuesday. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The firm has a market capitalization of $66.78 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 3.51 and a beta of 0.54. 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 stock’s 50 day moving average price is $213.47 and its two-hundred day moving average price is $221.54.

Insider Buying and Selling

In other news, Director Katharine Weymouth purchased 478 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. The trade was a 9.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

About Republic Services

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.