Republic Services, Inc. (NYSE:RSG) Receives $220.06 Average Price Target from Brokerages

Shares of Republic Services, Inc. (NYSE:RSG) have earned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $221.12.

RSG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. William Blair assumed coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. CIBC raised their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Truist Financial boosted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, 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 research note on Friday, December 6th.

Insider Transactions at Republic Services

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

Institutional Investors Weigh In On Republic Services

A number of large investors have recently made changes to their positions in RSG. Commonwealth Equity Services LLC boosted its position in Republic Services by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 35,467 shares of the business services provider’s stock valued at $6,893,000 after acquiring an additional 1,464 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Republic Services in the second quarter worth $203,000. Arizona State Retirement System lifted its position in Republic Services by 1.1% during the second quarter. Arizona State Retirement System now owns 63,919 shares of the business services provider’s stock valued at $12,422,000 after buying an additional 715 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Republic Services by 5.2% during the 2nd quarter. Private Advisor Group LLC now owns 18,068 shares of the business services provider’s stock valued at $3,511,000 after buying an additional 885 shares in the last quarter. Finally, Candriam S.C.A. purchased a new stake in shares of Republic Services in the 2nd quarter worth about $201,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

NYSE:RSG opened at $207.05 on Friday. The firm’s fifty day moving average price is $208.71 and its two-hundred day moving average price is $203.81. 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 company has a market cap of $64.84 billion, a P/E ratio of 33.13, a P/E/G ratio of 3.30 and a beta of 0.73. Republic Services has a one year low of $162.86 and a one year high of $220.58.

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

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services’s dividend payout ratio (DPR) 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.