Republic Services, Inc. (NYSE:RSG) Receives $199.77 Average Target Price from Brokerages

Republic Services, Inc. (NYSE:RSG) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $201.00.

RSG has been the topic of a number of research reports. Truist Financial upped their price target on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. UBS Group increased their target price on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Jefferies Financial Group increased their price objective on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, BMO Capital Markets boosted their target price on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th.

Republic Services Stock Up 0.3 %

RSG stock opened at $186.47 on Tuesday. Republic Services has a 1-year low of $140.07 and a 1-year high of $196.76. The business’s 50 day simple moving average is $188.01 and its 200 day simple moving average is $171.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $58.73 billion, a PE ratio of 32.71, a PEG ratio of 3.35 and a beta of 0.67.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.75%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. As a group, research analysts anticipate that Republic Services will post 6.01 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio is currently 37.54%.

Insider Transactions at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Institutional Trading of Republic Services

Several institutional investors and hedge funds have recently modified their holdings of RSG. Peregrine Asset Advisers Inc. acquired a new position in Republic Services during the first quarter worth about $218,000. AAFMAA Wealth Management & Trust LLC grew its holdings in shares of Republic Services by 3.8% during the 1st quarter. AAFMAA Wealth Management & Trust LLC now owns 8,955 shares of the business services provider’s stock valued at $1,714,000 after purchasing an additional 324 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Republic Services by 9.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,424 shares of the business services provider’s stock worth $4,101,000 after purchasing an additional 1,852 shares in the last quarter. Graypoint LLC bought a new position in Republic Services in the 1st quarter valued at approximately $240,000. Finally, Fidelis Capital Partners LLC boosted its position in Republic Services by 77.7% in the first quarter. Fidelis Capital Partners LLC now owns 2,417 shares of the business services provider’s stock valued at $463,000 after buying an additional 1,057 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

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.