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

Shares of Republic Services, Inc. (NYSE:RSG) have earned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $239.13.

A number of equities analysts recently commented on the company. Royal Bank of Canada upgraded 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. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Truist Financial reiterated a “buy” rating and set a $250.00 target price (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Finally, Scotiabank lifted their price target on Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th.

Republic Services Stock Up 0.8 %

Shares of NYSE RSG opened at $245.79 on Tuesday. The company has a market cap of $76.76 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 3.64 and a beta of 0.62. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average is $233.74 and its 200 day moving average is $217.10. Republic Services has a 52 week low of $180.92 and a 52 week high of $249.73.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business posted $1.41 earnings per share. On average, equities research analysts expect that Republic Services will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RSG. Versant Capital Management Inc boosted its holdings in shares of Republic Services by 0.4% in the first quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider’s stock worth $2,415,000 after buying an additional 44 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Republic Services by 0.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock valued at $1,740,000 after purchasing an additional 46 shares during the period. McGlone Suttner Wealth Management Inc. boosted its holdings in Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after buying an additional 48 shares during the period. FORA Capital LLC increased its stake in Republic Services by 0.7% in the 4th quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock worth $1,541,000 after buying an additional 50 shares in the last quarter. Finally, Access Financial Services Inc. raised its holdings in Republic Services by 0.8% during the fourth 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 period. Institutional investors own 57.73% of the company’s stock.

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.