Republic Services, Inc. $RSG Shares Bought by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 11.2% during the 1st quarter, Holdings Channel reports. The firm owned 93,957 shares of the business services provider’s stock after buying an additional 9,438 shares during the period. Republic Services makes up about 2.1% of Liberty One Investment Management LLC’s holdings, making the stock its 20th biggest position. Liberty One Investment Management LLC’s holdings in Republic Services were worth $20,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Republic Services during the 4th quarter worth approximately $617,165,000. Capital World Investors grew its stake in shares of Republic Services by 27.7% in the fourth quarter. Capital World Investors now owns 8,765,623 shares of the business services provider’s stock worth $1,857,698,000 after acquiring an additional 1,899,183 shares in the last quarter. Morgan Stanley increased its position in shares of Republic Services by 38.6% during the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock worth $1,133,509,000 after acquiring an additional 1,490,719 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Republic Services by 68.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,256,190 shares of the business services provider’s stock valued at $497,828,000 after acquiring an additional 913,249 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Republic Services by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after purchasing an additional 807,525 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director directly owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 366,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $202.24 per share, with a total value of $74,019,840.00. Following the purchase, the insider directly owned 110,315,982 shares of the company’s stock, valued at approximately $22,310,304,199.68. This trade represents a 0.33% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 987,150 shares of company stock worth $202,366,682. 0.12% of the stock is currently owned by company insiders.

Republic Services Stock Performance

NYSE RSG opened at $217.14 on Friday. The company has a fifty day moving average of $212.06 and a two-hundred day moving average of $214.84. The company has a market capitalization of $66.80 billion, a PE ratio of 31.15, a P/E/G ratio of 3.63 and a beta of 0.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. Republic Services, Inc. has a 1 year low of $196.41 and a 1 year high of $246.25.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. As a group, analysts expect that Republic Services, Inc. will post 7.28 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RSG shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Weiss Ratings lowered shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Royal Bank Of Canada boosted their price target on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, UBS Group dropped their price objective on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.89.

Republic Services 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.