Republic Services’ (RSG) Buy Rating Reiterated at Truist Financial

Republic Services (NYSE:RSG)‘s stock had its “buy” rating reissued by investment analysts at Truist Financial in a report released on Friday,Benzinga reports. They presently have a $250.00 price target on the business services provider’s stock, up from their previous price target of $244.00. Truist Financial’s target price would indicate a potential upside of 8.24% from the stock’s current price.

Several other equities research analysts also recently weighed in on RSG. CIBC boosted their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group lifted their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $225.38.

Republic Services Stock Performance

Republic Services stock opened at $230.98 on Friday. Republic Services has a 12-month low of $177.03 and a 12-month high of $232.52. The company has a market capitalization of $72.33 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The firm’s fifty day moving average price is $210.94 and its 200 day moving average price is $207.33.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. During the same quarter in the previous year, the firm posted $1.41 EPS. On average, research analysts forecast that Republic Services will post 6.25 EPS for the current fiscal year.

Insider Transactions at Republic Services

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

Institutional Trading of Republic Services

Institutional investors have recently made changes to their positions in the stock. Creative Planning raised its holdings in shares of Republic Services by 8.1% in the 3rd quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock worth $6,316,000 after purchasing an additional 2,360 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Good Life Advisors LLC raised its holdings in shares of Republic Services by 12.3% in the 3rd quarter. Good Life Advisors LLC now owns 1,207 shares of the business services provider’s stock worth $242,000 after purchasing an additional 132 shares in the last quarter. Buffington Mohr McNeal raised its holdings in shares of Republic Services by 8.3% in the 3rd quarter. Buffington Mohr McNeal now owns 40,306 shares of the business services provider’s stock worth $8,095,000 after purchasing an additional 3,091 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Republic Services by 30.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,878 shares of the business services provider’s stock worth $1,381,000 after purchasing an additional 1,611 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

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.