Republic Services (NYSE:RSG) PT Raised to $204.00 at Oppenheimer

Republic Services (NYSE:RSG) had its price objective raised by Oppenheimer from $202.00 to $204.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other analysts also recently issued reports on the company. Jefferies Financial Group raised their price target on Republic Services from $213.00 to $225.00 and gave the stock a buy rating in a report on Monday, March 18th. BMO Capital Markets upped their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a market perform rating in a research report on Wednesday, February 28th. The Goldman Sachs Group boosted their target price on shares of Republic Services from $209.00 to $230.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Royal Bank of Canada began coverage on shares of Republic Services in a research note on Monday, April 8th. They issued a sector perform rating and a $198.00 price target on the stock. Finally, Morgan Stanley downgraded Republic Services from an overweight rating to an equal weight rating and set a $199.00 price objective for the company. in a research report on Friday, March 15th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $201.00.

Republic Services Stock Down 0.5 %

RSG stock opened at $185.51 on Wednesday. The firm has a market cap of $58.43 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 3.25 and a beta of 0.67. Republic Services has a 1-year low of $140.07 and a 1-year high of $196.76. The firm has a fifty day moving average price of $188.01 and a two-hundred day moving average price of $171.68. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.56.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts predict that Republic Services will post 6.01 EPS for the current year.

Republic Services Announces Dividend

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

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction on Monday, March 4th. The stock was 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 in the company, valued at approximately $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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in RSG. Bancreek Capital Management LP raised its stake in Republic Services by 1.4% during the 1st quarter. Bancreek Capital Management LP now owns 25,652 shares of the business services provider’s stock valued at $4,911,000 after purchasing an additional 348 shares during the period. Catalina Capital Group LLC raised its position in Republic Services by 25.7% during the first quarter. Catalina Capital Group LLC now owns 4,305 shares of the business services provider’s stock valued at $824,000 after buying an additional 881 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Republic Services in the 1st quarter worth about $4,180,000. Commerce Bank boosted its position in Republic Services by 1.9% during the 1st quarter. Commerce Bank now owns 202,987 shares of the business services provider’s stock worth $38,860,000 after acquiring an additional 3,700 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in Republic Services by 470.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,939 shares of the business services provider’s stock valued at $10,518,000 after acquiring an additional 45,314 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

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.