Liberty One Investment Management LLC Sells 13,823 Shares of Republic Services, Inc. $RSG

Liberty One Investment Management LLC lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 11.3% in the second quarter, Holdings Channel reports. The institutional investor owned 108,037 shares of the business services provider’s stock after selling 13,823 shares during the period. Republic Services accounts for approximately 2.7% of Liberty One Investment Management LLC’s portfolio, making the stock its 17th biggest position. Liberty One Investment Management LLC’s holdings in Republic Services were worth $26,643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC increased its holdings in shares of Republic Services by 3,533.3% in the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock worth $26,000 after purchasing an additional 106 shares in the last quarter. Capital Management Associates Inc bought a new stake in shares of Republic Services in the 1st quarter worth $314,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Republic Services by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 563,253 shares of the business services provider’s stock worth $136,397,000 after purchasing an additional 4,110 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Republic Services by 61.6% in the 1st quarter. GAMMA Investing LLC now owns 9,193 shares of the business services provider’s stock worth $2,226,000 after purchasing an additional 3,503 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Republic Services by 10.0% in the 1st quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock worth $116,048,000 after purchasing an additional 43,387 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

NYSE RSG opened at $220.13 on Tuesday. The company has a market capitalization of $68.73 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 3.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66. The business’s fifty day moving average is $228.57 and its 200 day moving average is $238.93. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75.

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

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.1%. This is a boost from Republic Services’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 36.98%.

Analyst Ratings Changes

A number of research firms have commented on RSG. Barclays began coverage on Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Republic Services in a research note on Wednesday, October 8th. Scotiabank set a $250.00 price target on Republic Services in a research note on Friday, October 10th. JPMorgan Chase & Co. dropped their price target on Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Finally, BMO Capital Markets raised their price target on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $257.10.

Insider Buying and Selling at Republic Services

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

Republic Services Company 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.