Liberty One Investment Management LLC Has $29.51 Million Position in Republic Services, Inc. (NYSE:RSG)

Liberty One Investment Management LLC trimmed its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,860 shares of the business services provider's stock after selling 7,809 shares during the quarter. Republic Services accounts for 3.0% of Liberty One Investment Management LLC's portfolio, making the stock its 12th largest holding. Liberty One Investment Management LLC's holdings in Republic Services were worth $29,510,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RSG. Capital Management Associates Inc bought a new position in Republic Services in the first quarter worth $314,000. Beverly Hills Private Wealth LLC lifted its position in Republic Services by 4.1% in the first quarter. Beverly Hills Private Wealth LLC now owns 1,975 shares of the business services provider's stock worth $478,000 after purchasing an additional 78 shares during the period. Crossmark Global Holdings Inc. lifted its position in Republic Services by 40.2% in the first quarter. Crossmark Global Holdings Inc. now owns 21,087 shares of the business services provider's stock worth $5,106,000 after purchasing an additional 6,043 shares during the period. Fullcircle Wealth LLC lifted its position in Republic Services by 5.4% in the first quarter. Fullcircle Wealth LLC now owns 1,012 shares of the business services provider's stock worth $249,000 after purchasing an additional 52 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in Republic Services during the first quarter worth $211,000. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Raymond James Financial reiterated an "outperform" rating on shares of Republic Services in a research note on Wednesday, April 16th. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday, May 26th. Robert W. Baird increased their price objective on Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Oppenheimer increased their price objective on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Melius assumed coverage on Republic Services in a research note on Monday, June 9th. They set a "hold" rating for the company. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $255.21.

Republic Services Trading Up 0.5%

Republic Services stock traded up $1.15 during mid-day trading on Friday, hitting $241.24. The stock had a trading volume of 1,768,355 shares, compared to its average volume of 1,153,153. The stock has a 50-day simple moving average of $248.14 and a two-hundred day simple moving average of $234.60. The stock has a market capitalization of $75.39 billion, a PE ratio of 36.39, a P/E/G ratio of 3.68 and a beta of 0.61. Republic Services, Inc. has a 12 month low of $188.82 and a 12 month high of $258.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. The business had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 earnings per share. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.96%. Republic Services's payout ratio is currently 34.99%.

About Republic Services

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.