Republic Services (NYSE:RSG) Reaches New 1-Year High After Analyst Upgrade

Republic Services, Inc. (NYSE:RSG) shares hit a new 52-week high during trading on Thursday after Robert W. Baird raised their price target on the stock from $242.00 to $245.00. Robert W. Baird currently has a neutral rating on the stock. Republic Services traded as high as $236.43 and last traded at $237.5940, with a volume of 26,542 shares traded. The stock had previously closed at $230.32.

Several other research firms also recently commented on RSG. Citigroup increased their target price on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. UBS Group raised their target price on shares of Republic Services from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Wolfe Research began coverage on shares of Republic Services in a report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Republic Services from $270.00 to $258.00 in a research report on Friday, October 9th. Finally, BMO Capital Markets set a $244.00 price target on shares of Republic Services in a report on Thursday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.73.

Insider Activity at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of $221.49 per share, for a total transaction of $90,700,155.00. Following the completion of the purchase, the insider owned 116,166,330 shares in the company, valued at $25,729,680,431.70. This represents a 0.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 6,254,462 shares of company stock valued at $1,380,321,958. 0.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Republic Services

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Republic Services in the 2nd quarter valued at $3,798,092,000. Bank of America Corp DE bought a new position in Republic Services in the second quarter valued at approximately $682,573,000. Legal & General Group Plc acquired a new position in shares of Republic Services in the second quarter valued at approximately $245,506,000. Deutsche Bank AG bought a new stake in shares of Republic Services during the second quarter worth $236,628,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Republic Services during the second quarter worth $220,527,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $72.95 billion, a P/E ratio of 33.57, a PEG ratio of 3.74 and a beta of 0.39. The stock has a fifty day simple moving average of $219.53 and a 200-day simple moving average of $214.22.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the company earned $1.77 EPS. The company’s revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities analysts expect that Republic Services, Inc. will post 7.26 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd were paid a $0.67 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.6250. This represents a $2.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, October 2nd. Republic Services’s payout ratio is currently 37.96%.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.