UBS Group Raises Republic Services (NYSE:RSG) Price Target to $200.00

Republic Services (NYSE:RSG) had its price objective boosted by UBS Group from $195.00 to $200.00 in a research report report published on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the business services provider’s stock.

A number of other research firms also recently issued reports on RSG. 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 report on Monday, March 18th. Scotiabank assumed coverage on Republic Services in a report on Monday, April 8th. They issued a sector perform rating and a $211.00 price objective for the company. Morgan Stanley cut Republic Services from an overweight rating to an equal weight rating and set a $199.00 price target for the company. in a report on Friday, March 15th. Royal Bank of Canada began coverage on shares of Republic Services in a report on Monday, April 8th. They issued a sector perform rating and a $198.00 price objective on the stock. Finally, Oppenheimer increased their price objective on Republic Services from $202.00 to $204.00 and gave the stock an outperform rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $201.00.

Republic Services Stock Down 0.5 %

NYSE RSG opened at $185.51 on Wednesday. Republic Services has a 1-year low of $140.07 and a 1-year high of $196.76. The company has a current ratio of 0.53, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average is $188.01 and its two-hundred day moving average is $171.68. The company has a market capitalization 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 (NYSE:RSG) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Equities analysts forecast that Republic Services will post 6.01 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Ark Jon Vander sold 5,446 shares of the 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC lifted its holdings in Republic Services by 56.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after buying an additional 71 shares during the period. YHB Investment Advisors Inc. acquired a new position in shares of Republic Services in the first quarter worth approximately $29,000. Bogart Wealth LLC bought a new stake in Republic Services in the fourth quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services during the 4th quarter worth approximately $34,000. Finally, Millburn Ridgefield Corp acquired a new position in shares of Republic Services in the 3rd quarter worth approximately $36,000. Institutional investors own 57.73% of the company’s stock.

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.