The Goldman Sachs Group Raises Republic Services (NYSE:RSG) Price Target to $230.00

Republic Services (NYSE:RSG) had its price objective boosted by The Goldman Sachs Group from $209.00 to $230.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

RSG has been the subject of several other research reports. Royal Bank of Canada assumed coverage on shares of Republic Services in a research note on Monday, April 8th. They set a sector perform rating and a $198.00 target price for the company. Morgan Stanley lowered shares of Republic Services from an overweight rating to an equal weight rating and set a $199.00 target price for the company. in a research note on Friday, March 15th. Oppenheimer boosted their target price on shares of Republic Services from $182.00 to $195.00 and gave the company an outperform rating in a research note on Wednesday, February 28th. Truist Financial boosted their target price 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. Finally, Citigroup boosted their target price on shares of Republic Services from $190.00 to $215.00 and gave the company a buy rating in a research note on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $199.77.

Republic Services Trading Up 0.1 %

RSG opened at $187.47 on Tuesday. The stock has a market capitalization of $59.05 billion, a PE ratio of 34.27, a P/E/G ratio of 3.29 and a beta of 0.68. The firm’s fifty day moving average price is $185.00 and its 200 day moving average price is $168.20. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. Republic Services has a 12-month low of $135.33 and a 12-month high of $192.57.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 earnings per share. As a group, research analysts expect that Republic Services will post 6 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.14%. Republic Services’s dividend payout ratio is currently 39.12%.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 link. 0.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Republic Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC bought a new position in Republic Services in the 4th quarter valued at about $30,000. FinTrust Capital Advisors LLC lifted its holdings in Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 71 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Republic Services in the 4th quarter valued at about $34,000. Jones Financial Companies Lllp lifted its holdings in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in Republic Services in the 4th quarter valued at about $37,000. Institutional investors own 57.73% of the company’s stock.

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.