Republic Services, Inc. (NYSE:RSG) Receives Consensus Recommendation of “Hold” from Analysts

Republic Services, Inc. (NYSE:RSG) has earned an average rating of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $211.00.

RSG has been the topic of a number of recent research reports. Truist Financial raised Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $192.00 to $220.00 in a report on Thursday, July 11th. CIBC upped their price objective on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Raymond James lowered their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets boosted their target price on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th.

Insider Buying and Selling

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

Institutional Trading of Republic Services

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Republic Services by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after purchasing an additional 101,518 shares in the last quarter. Capital World Investors lifted its stake in shares of Republic Services by 20.5% during the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after buying an additional 1,346,588 shares during the period. Norges Bank acquired a new stake in Republic Services during the fourth quarter worth approximately $358,837,000. Legal & General Group Plc grew its stake in Republic Services by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider’s stock worth $351,480,000 after acquiring an additional 92,013 shares during the period. Finally, TD Asset Management Inc raised its holdings in Republic Services by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock valued at $341,602,000 after acquiring an additional 35,650 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 1.3 %

RSG stock opened at $202.82 on Monday. The company has a market cap of $63.70 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 3.26 and a beta of 0.70. The company has a fifty day moving average price of $200.65 and a 200 day moving average price of $192.50. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Republic Services has a 12 month low of $140.23 and a 12 month high of $208.69.

Republic Services (NYSE:RSG) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Sell-side analysts expect that Republic Services will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.14%. Republic Services’s dividend payout ratio is currently 37.54%.

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.