Republic Services (NYSE:RSG) Upgraded at Cibc World Mkts

Republic Services (NYSE:RSG) was upgraded by Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. Argus set a $260.00 price objective on shares of Republic Services in a research note on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and issued a $250.00 target price (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Finally, CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price on the stock in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Trading Down 0.1 %

Shares of Republic Services stock opened at $235.66 on Tuesday. The company has a 50-day moving average of $217.74 and a two-hundred day moving average of $210.45. The stock has a market cap of $73.59 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services has a 12-month low of $180.91 and a 12-month high of $240.95.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm earned $1.41 EPS. On average, research analysts anticipate that Republic Services will post 6.86 EPS for the current fiscal year.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently modified their holdings of RSG. Silvercrest Asset Management Group LLC raised its holdings in shares of Republic Services by 0.5% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock valued at $1,740,000 after acquiring an additional 46 shares during the period. McGlone Suttner Wealth Management Inc. raised its position in Republic Services by 2.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 48 shares in the last quarter. FORA Capital LLC lifted its stake in Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock valued at $1,541,000 after acquiring an additional 50 shares during the last quarter. Simmons Bank boosted its holdings in Republic Services by 2.8% in the third quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock worth $381,000 after purchasing an additional 51 shares in the last quarter. Finally, Access Financial Services Inc. increased its holdings in shares of Republic Services by 0.8% during the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock valued at $1,243,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

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.