Republic Services (NYSE:RSG) Hits New 12-Month High at $148.75

Shares of Republic Services, Inc. (NYSE:RSGGet Rating) reached a new 52-week high during trading on Thursday . The company traded as high as $148.75 and last traded at $148.60, with a volume of 18047 shares trading hands. The stock had previously closed at $147.46.

Analyst Ratings Changes

RSG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Republic Services from $147.00 to $158.00 in a research note on Tuesday, August 9th. Bank of America raised Republic Services from a “neutral” rating to a “buy” rating and raised their price objective for the company from $140.00 to $150.00 in a research note on Friday, May 13th. StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 15th. Oppenheimer upped their target price on Republic Services from $139.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, August 8th. Finally, Morgan Stanley raised their price target on shares of Republic Services from $147.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $148.33.

Republic Services Stock Performance

The stock has a market cap of $46.67 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 2.73 and a beta of 0.70. The company’s fifty day simple moving average is $138.94 and its two-hundred day simple moving average is $133.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.73 and a quick ratio of 0.73.

Republic Services (NYSE:RSGGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The business services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.30 billion. Republic Services had a return on equity of 16.18% and a net margin of 11.31%. Republic Services’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. On average, analysts forecast that Republic Services, Inc. will post 4.78 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be paid a $0.495 dividend. The ex-dividend date is Friday, September 30th. This represents a $1.98 annualized dividend and a yield of 1.34%. This is an increase from Republic Services’s previous quarterly dividend of $0.46. Republic Services’s dividend payout ratio (DPR) is currently 42.20%.

Insider Activity

In other news, CEO Ark Jon Vander sold 14,100 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $142.49, for a total value of $2,009,109.00. Following the transaction, the chief executive officer now owns 59,619 shares of the company’s stock, valued at $8,495,111.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Institutional Trading of Republic Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BOKF NA increased its position in shares of Republic Services by 1.3% in the second quarter. BOKF NA now owns 5,893 shares of the business services provider’s stock valued at $772,000 after acquiring an additional 78 shares during the period. Macquarie Group Ltd. grew its position in shares of Republic Services by 1.2% in the 2nd quarter. Macquarie Group Ltd. now owns 6,656 shares of the business services provider’s stock worth $871,000 after buying an additional 81 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Republic Services by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 24,418 shares of the business services provider’s stock valued at $3,405,000 after buying an additional 82 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Republic Services by 2.8% during the first quarter. Quadrant Capital Group LLC now owns 3,015 shares of the business services provider’s stock valued at $399,000 after acquiring an additional 82 shares in the last quarter. Finally, First Commonwealth Financial Corp PA lifted its stake in Republic Services by 2.4% in the first quarter. First Commonwealth Financial Corp PA now owns 3,605 shares of the business services provider’s stock worth $478,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 58.01% of the company’s stock.

Republic Services Company Profile

(Get Rating)

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.

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