Republic Services, Inc. (NYSE:RSG) Receives $199.77 Consensus PT from Brokerages

Republic Services, Inc. (NYSE:RSG) has received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $201.00.

Several equities analysts recently commented on RSG shares. UBS Group increased their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial increased their price target on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price for the company. in a report on Friday, March 15th. Scotiabank lifted their price target on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, BMO Capital Markets upped their price objective on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Institutional Trading of Republic Services

Several hedge funds have recently modified their holdings of RSG. Capital Advisors Ltd. LLC increased its stake in Republic Services by 2.9% in the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 54 shares in the last quarter. Raleigh Capital Management Inc. increased its position in Republic Services by 19.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock valued at $59,000 after buying an additional 59 shares in the last quarter. ETF Store Inc. raised its stake in Republic Services by 3.5% during the 1st quarter. ETF Store Inc. now owns 1,743 shares of the business services provider’s stock worth $334,000 after buying an additional 59 shares during the period. Scotia Capital Inc. boosted its holdings in Republic Services by 2.4% in the fourth quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock worth $447,000 after acquiring an additional 64 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Republic Services by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock valued at $4,147,000 after acquiring an additional 66 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 0.5 %

Shares of RSG stock opened at $185.51 on Tuesday. Republic Services has a fifty-two week low of $140.07 and a fifty-two week high of $196.76. The stock’s fifty day moving average price is $188.02 and its two-hundred day moving average price is $171.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.53. The company has a market cap of $58.42 billion, a PE ratio of 32.55, a P/E/G ratio of 3.25 and a beta of 0.67.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. Republic Services’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. Equities analysts predict that Republic Services will post 6.02 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

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.