Republic Services, Inc. (NYSE:RSG) Given Average Rating of “Moderate Buy” by Analysts

Republic Services, Inc. (NYSE:RSG) has been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $220.06.

RSG has been the subject of a number of analyst reports. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their target price for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Truist Financial lifted their price objective on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Scotiabank initiated coverage on Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target for the company. Oppenheimer upped their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, William Blair started coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating for the company.

Insider Activity

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

Institutional Trading of Republic Services

A number of institutional investors and hedge funds have recently bought and sold shares of RSG. Stifel Financial Corp grew its position in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after purchasing an additional 1,477,255 shares in the last quarter. Wellington Management Group LLP grew its holdings in Republic Services by 23.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after buying an additional 1,131,850 shares in the last quarter. International Assets Investment Management LLC increased its stake in Republic Services by 83,671.9% in the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock worth $108,183,000 after acquiring an additional 538,010 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Republic Services by 544.7% during the 3rd quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock worth $109,580,000 after acquiring an additional 460,989 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Republic Services by 169.3% in the third quarter. Two Sigma Advisers LP now owns 554,500 shares of the business services provider’s stock valued at $111,366,000 after purchasing an additional 348,600 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 0.5 %

RSG stock opened at $201.04 on Friday. The company has a market capitalization of $62.96 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 3.30 and a beta of 0.71. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50 day moving average price is $208.38 and its two-hundred day moving average price is $203.45. Republic Services has a fifty-two week low of $162.27 and a fifty-two week high of $220.58.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 earnings per share. As a group, analysts forecast that Republic Services will post 6.25 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. Republic Services’s payout ratio is currently 37.12%.

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.