Liberty One Investment Management LLC Sells 2,412 Shares of Republic Services, Inc. (NYSE:RSG)

Liberty One Investment Management LLC decreased its position in Republic Services, Inc. (NYSE:RSG) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 129,669 shares of the business services provider’s stock after selling 2,412 shares during the period. Republic Services comprises 2.8% of Liberty One Investment Management LLC’s portfolio, making the stock its 15th biggest position. Liberty One Investment Management LLC’s holdings in Republic Services were worth $26,087,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RSG. Simmons Bank boosted its holdings in Republic Services by 2.8% during the third quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock worth $381,000 after purchasing an additional 51 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Republic Services by 1.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after buying an additional 52 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Republic Services by 16.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 54 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Republic Services by 3.8% in the third quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 55 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Republic Services by 11.6% during the third quarter. First Horizon Advisors Inc. now owns 529 shares of the business services provider’s stock worth $106,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.9 %

Shares of NYSE RSG opened at $213.85 on Friday. Republic Services, Inc. has a 52 week low of $165.99 and a 52 week high of $220.58. The stock’s fifty day moving average is $209.27 and its 200 day moving average is $204.44. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $66.97 billion, a P/E ratio of 34.22, a PEG ratio of 2.98 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.54 EPS. Sell-side analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, January 2nd. Republic Services’s dividend payout ratio is presently 37.12%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Scotiabank started coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Morgan Stanley lifted their target price on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.12.

Insider Activity

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

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.